Bamboo Airways Sees $2.7 Billion Market Cap at Listing
- Airline plans share listing no later than the third quarter
- Initial list price expected to be set at 60,000 dong per share
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Vietnam’s Bamboo Airways expects a market capitalization of about $2.7 billion at its planned listing no later than the third quarter as it anticipates a June or July easing of the government’s pandemic halt of international flights.
The carrier, which began operations in 2019, plans to list 105 million shares on either the Ho Chi Minh City Stock Exchange or Hanoi Stock Exchange, Chairman Trinh Van Quyet said in an interview. Bamboo Airways expects to set the initial price for its trading debut at 60,000 dong ($2.6) per share, he added.