Economics
BOC Aviation’s Pop Fizzles After Second-Largest Asia IPO in 2016
- Plane lessor had record profit of $343 million in 2015
- IPO lured investors including Boeing, China Investment Corp.
BOC Aviation: Asia-Pacific Is Growth Market of the Future
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BOC Aviation Ltd., the aircraft leasing unit of Bank of China that raised $1.1 billion from a share sale last month, closed little changed after gaining as much as 4.4 percent on its trading debut in Hong Kong.
The stock closed at the IPO price of HK$42 after climbing to as much as HK$43.85, according to data compiled by Bloomberg. BOC Aviation sold new and existing shares in Asia’s second-biggest initial share sale this year, and said it plans to use the proceeds to help pay for new planes.