KUALA LUMPUR May 22 Long-haul carrier AirAsia
X, founded by entreprener Tony Fernandes, has set an indicative
price of 1.45 ringgit ($0.48) per share for an initial public
offering (IPO) in Malaysia worth more than $300 million,
according to sources with knowledge of the deal.
The company and its shareholders are offering 790.1 million
shares, with 75 percent of the offering coming from new shares,
according to the terms seen earlier. The deal is slated to be
priced on June 24, with its debut set for July 10.
CIMB, Credit Suisse, Maybank
and Morgan Stanley were hired as joint global
coordinators on the IPO.