Share

Japan Airlines returns to the Stock Exchange: 6,6 billion IPO

The placement is in second place in importance among those carried out in 2012, immediately after Facebook – 175 million shares will be put on the market at a unit price of 3.790 yen.

Japan Airlines returns to the Stock Exchange: 6,6 billion IPO

Three years after bankruptcy, the airline Japan Airlines (JAL) announced that he would like to return to the stock exchange. THE'Ipo provides for a maximum collection equivalent to 6,6 billion euros, in second place among the quotations of 2012, immediately behind Facebook's max offer (flop).

They will be put on the market 175 million shares at a unit price of 3.790 yen, the highest value of the proposed range (3.500-3.790 yen).

Three years ago the company went bankrupt, swamped by $25 billion in debt. The return to the stock exchange will allow the state fund Enterprise Turnaround Initiative Corporation of Japan (ETIC) to exit the investment with a net profit.

comments