Lion Air could go public this year
Lion Air is reportedly prepping for an IPO again.
Bloomberg reports the Indonesian airline group hopes to raise up to $1 billion and could list before the end of this year.
According to informed sources, the carrier has opened talks with advisors about the share sale and initial meetings with investors would soon commence.
Depending on the outcome, Lion Air could file an IPO as early as this year.
The Lion Air Group includes the Lion Air mainline brand, full-service carrier Batik Air, Wings Air and a stake in Malindo Air.
It will likely come after the Indonesian Presidential election this year.
If it reaches $1 billion it would be Indonesia’s third largest.
Lion Air has been touting a public listing for many years but has always pushed it back due to a variety of economic reasons.
Indonesia Stock Exchange director, I Gede Nyoman Yetna confirmed Lion Air had joined an IPO class ahead of a planned listing but no official documents have been filed yet.
"The class was designed for prospective issuers, especially those with plans to go public in the immediate future," he said.
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