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. 

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