AirAsia IPO shares for funds well oversubscribed

  • Business Premium
  • Saturday, 23 Oct 2004

A WEEK ahead of the closing date for the institutional tranche of its initial public offering, AirAsia Bhd has already received bids for shares over and above the 560 million set aside. Sources said most of the orders were priced at RM1.30. 

On Thursday, a European fund bid for 40 million shares, one of the largest orders placed by any one fund. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Euro falls to 20-year low Premium
Tesla plays 'whack-a-mole' with snags as deliveries fall for first time in two years Premium
Exxon profit set to soar again; White House wants more oil Premium
Oil price tumbles 9% on recession demand destruction fears Premium
S&P 500, Nasdaq end higher as investors eye economic path Premium
Brent falls as recession fears deepen demand concerns Premium
Yum Brands close to selling KFC business in Russia Premium
MMAG to dispose of Shah Alam land for RM20mil Premium
CEKD to buy 82% stake in Worldwide Die Cutting Mould for RM6.23mil Premium
Boardroom changes in KYM Premium

Others Also Read