AirAsia X IPO

Posted by Kris | Wednesday, June 12, 2013 | | 1 comments »


Should I try my luck again for the AirAsia X IPO? So far, after countless attempts, I have yet to get an IPO share. It is priced to be RM1.45 per pop.

For readers that want to apply for an IPO, just search my old blog postings on how to apply for an IPO. I will skip this time as much of my money is tied somewhere else.

Good luck guys.

KUALA LUMPUR: AirAsia X Bhd's initial public offer (IPO) of up to 790.12 million shares, which includes the issuance of new shares, will see its market capitalisation increase to RM3.43bil, based on the enlarged share capital of 2.37 billion shares.
In its summary prospectus issued on Monday, AirAsia X said the enlarged paid-up would be 790.12 million shares comprising an offer for sale of up to 197.53 million existing shares and a public issue of 592.59 million new shares.
AirAsia X said the floatation exercise includes the sale of 197.53 million existing shares and 592.59 million new shares. The institutional offering would involve 538.01 million shares while the retail offering would be 252.11 million shares.
The listing exercise would enable AirAsia X to raise RM859.26mil from sale of 592.59 million new shares at an indicative retail price of RM1.45 a share.
Of the gross proceeds of RM859.26mil, it said RM280mil would be used a capital expenditure, another RM285.81mil for repayment of bank borrowings, RM255.45mil as general working capital and the remaining RM38mil for listing expenses.
The low-cost carrier posted revenue of RM535.27mil for the first quarter ended March 31, 2013, compared to RM1.28bil in the year to Dec 31, 2012.
Its net profit during the first quarter of 2013 and financial year ended Dec 31, 2012 stood at RM50.19mil and RM33.85mil, respectively.



Digg Technorati del.icio.us Stumbleupon Reddit Blinklist Furl Spurl Yahoo Simpy

1 comments

  1. kampunginvestor // 12:37 AM  

    I will give this a miss as well. Money all in Bursa Malaysia d! xD..

    I apply a couple of times and got it twice. One is UOADEV (sold all d, make some pocket money). Another is SEB (Making a Lost!)

    Conclusion, there is no guarantee you make money after IPO is listed at Bursa!