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Vietnam s Bamboo Air plans third quarter US-IPO to raise US$200 Million
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Exclusive: Vietnam s Bamboo Airways plans to raise $200 million in U S IPO - chairman
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FILE PHOTO: An Airbus A321 aircraft of Bamboo Airways taxis at Noi Bai airport in Hanoi, Vietnam January 16, 2019. REUTERS/Kham/File Photo
HANOI (Reuters) - Vietnam’s Bamboo Airways plans to raise up to $200 million in an initial public offering in the United States, potentially securing a market capitalisation of up to $4 billion, its chairman Trinh Van Quyet said on Wednesday.
Bamboo Airways, owned by property and leisure company FLC Group, plans to offer a 5%-7% stake in the IPO, which it expects in the third quarter of this year, Quyet told Reuters in an interview.
“The IPO will be part of our efforts to expand our services globally,” Quyet said, adding that Bamboo Airways has hired an international auditing firm for the potential offering on the New York Stock Exchange.
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Friday, February 12, 2021, 07:18 GMT+7
Party General Secretary and State President Nguyen Phu Trong sends his best wishes to all of the Vietnamese people, both inside and outside the country, on the traditional Lunar New Year occasion. Photo: Vietnam News Agency
Read what is in the news today:
Politics Party General Secretary and State President Nguyen Phu Trong sent his best wishes to all of the Vietnamese people, both inside and outside the country, as the traditional Lunar New Year is due. Chairwoman of the Lao National Assembly (NA) Pany Yathotou paid a visit on Thursday to officers and soldiers of Army Corps 11 of the Vietnam People’s Army who are working on the construction of the Lao NA House, on the occasion of the Lunar New Year festival.
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