Financial Round Up
Bangkok Airways IPO offers 25% of the company up to the public
September 30th 2014
Bangkok Airways has applied for an initial public offering (IPO) with Thailand’s Securities and Exchange Commission (SEC) that puts 24.8% of the company on the market. Read More »
Subscription is expected to open for individual investors around mid-October, with shares likely to begin trading by November 1.
“For the past 46 years, Bangkok Airways has grown consistently, thanks to our unique business structure that covers the integrated aviation business … The IPO will give the general public a unique opportunity to be a part of the company’s growth. The proceeds raised will be invested in the expansion of our fleet of aircraft including improving and/or replacing some of our existing aircraft, purchasing engines, spare parts and necessary equipment for our new fleet on par with aviation industry standards,” Bangkok Airways president Puttipong Prasarttong-Osoth said.
The proceeds will also be invested in the renovation of the airline’s hangar at Bangkok’s Suvarnabhumi, as well as Samui International Airport, which the airline owns and operates.
