Bangkok Airways appoints IPO lead underwriters
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Bangkok Airways (BA) today appointed the underwriters for its initial public offering, expecting to start trading on the Stock Exchange of Thailand on November 3.
It will become the third listed airline companies, after Thai Airways International and Asia Aviation which is a major shareholder of Thai AirAsia.
In a statement, BA announced that the IPO is scheduled for October 14-17. The initial IPO price is set at Bt23-Bt27 per share.
Bualuang Securities is appointed as the financial advisor. Bualuang Securities, Citigroup Global Markets, Credit Suisse (Singapore), and DBS Bank are appointed as domestic and international lead underwriters.
Co-underwriters are KT ZMICO Securities, CIMB Securities (Thailand), Thanachart Securities, Asia Plus Securities, KASIKORN Securities and SCB Securities.
