Lion Air places $500 mln IPO on maintain as international fairness markets tumble -sources

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Lion Air places $500 mln IPO on maintain as international fairness markets tumble -sources

By Anshuman Daga and Scott Murdoch


By Anshuman Daga and Scott Murdoch

SINGAPORE/HONG KONG, Feb 28 (Reuters)Indonesia’s Lion Air has deferred plans for an preliminary public providing (IPO) as a consequence of a pointy fall in international inventory markets, individuals near the matter stated on Friday, because the spreading coronavirus sparks worries of a world pandemic.

A choice on the as much as $500 million IPO of one in every of Asia’s largest funds airways was anticipated by the top of February after banks accomplished investor shows in international monetary centres earlier this month.

Two individuals stated Lion Air, which was set to launch the IPO as early as March, would contemplate a float solely when markets stabilised. The individuals declined to be recognized as a result of they weren’t authorised to talk to the media.

Lion Air declined remark. The service has toyed with an IPO for about 5 years.

This week, international share costs plunged on fears of sustained international financial impression because the coronavirus spreads past…



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