AirAsia X eyes up to US$300m Malaysia IPO - term sheet

HONG KONG: Long-haul carrier AirAsia X, founded by entrepreneur Tan Sri Tony Fernandes, began meeting investors on Monday to gauge interest for an initial public offering in Malaysia worth up to US$300mil, according to a term sheet of the deal seen by Reuters.

The company and its shareholders are offering 790.1 million shares, with 75% of the offering coming from new shares, according to the terms. The deal is slated to be priced on June 24, with its debut set for July 10.