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Bamboo Airways Expects A $1 Billion Market Cap at Listing

  • New airline plans first-quarter IPO followed by listing
  • Initial share price to be in the 50,000 dong-60,000 dong range
Asia's Newest Airline Bamboo Airways Takes To Vietnam's Skies
Photographer: Maika Elan/Bloomberg
Updated on

Vietnam’s Bamboo Airways expects a market capitalization of as much as $1 billion at its planned listing in the first quarter next year.

The startup carrier plans to list about 400 million shares on either the Ho Chi Minh City Stock Exchange or Hanoi Stock Exchange as early as January, Deputy Chief Executive Officer Nguyen Khac Hai said in a phone interview in Hanoi. Bamboo Airways expects to set the initial price for its trading debut in the range of 50,000 dong to 60,000 dong ($2.59) per share, he added.