Thai AirAsia has made its first public move towards an initial public offering by appointing three banks to help it achieve a goal of raising at least $150 million.
In a statement issued yesterday, the Bangkok-based low-cost airline, which is a joint venture between Malaysia’s AirAsia and the company’s management, said CIMB, Credit Suisse and Thanachart Securities will act as joint lead underwriters on the IPO.
The plans have been well publicised as AirAsia has repeatedly stated its intention to seek separate listings for its associate businesses in Thailand and Indonesia, although yesterday’s announcement firmed up the timetable by saying that Thai...
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