Bangkok Airways Opts For Imminent IPO

Despite a slump in visiting tourist numbers and ongoing uncertainty as a result of the military takeover, Thailand’s Bangkok Airways (BA) is pressing ahead with an initial public offering (IPO) later this month.

The airline said it plans its IPO in mid-October and commence trading in early November. This should make the company the third-largest aviation operation listed on the Stock Exchange of Thailand, and if the underwriter’s projections are realized, could be the second-biggest Thai float this year at around TBH 14 million ($430 million).

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