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AirAsia X IPO raises $309 million
Malaysian long-haul budget carrier AirAsia X has priced its initial public offering, or IPO, at 1.25 ringgit per share, raising 987.7 million ringgit ($308.8 million) for fleet expansion as it targets buoyant travel demand in the Asia-Pacific region.
AirAsia X and its shareholders offered 790.1 million shares to retail and institutional investors — or 33 per cent of the carrier’s enlarged capital — in the IPO, with the stock market debut set for July 10.
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