IndiGo Operator Rises as Much as 18% in Mumbai Debut

Updated on
  • Operator InterGlobe raises $450 million; shares surge 15%
  • Southwest-style budget carrier seen focused on cost controls

An IndiGo aircraft taxies at Chhatrapati Shivaji International Airport in Mumbai. The firm that runs IndiGo rose as much as 18 percent in its trading debut.

Photographer: Dhiraj Singh/Bloomberg

India’s nine-year drought for airline initial public offerings ended as investors snapped up shares of the operator of IndiGo, one of only two local carriers that make money.

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