AirAsia X Said to Raise $308 Million After Braving Equities Rout

AirAsia X Said to Raise $308 Million After Braving Equities Rout

Eric Piermont/AFP/Getty Images

AirAsia X’s IPO survived market turmoil brought on by concerns that the U.S. Federal Reserve will reduce stimulus and China’s economic slowdown may deepen as a cash crunch worsens.