AirAsia X Kicks Off $300 Million Share Sale Plan to Add Jets
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AirAsia X Bhd., the long-haul arm of Asia’s biggest budget carrier, has started gauging investor interest for its $300 million Malaysian initial public offering.
The five-year-old airline plans to offer 790.1 million shares to raise between $250 million and $300 million, according to a term sheet obtained by Bloomberg News. The Sepang, Malaysia-based company intends to start trading on the Kuala Lumpur stock exchange on July 10, the document shows.