Indonesia’s Air Asia picks CIMB, Credit Suisse for IPO
UPDATED @ 12:31:47 PM 03-03-2011
JAKARTA, March 3 — PT Air Asia Indonesia, a unit of Malaysia’s Air Asia Berhad, has picked CIMB Securities and Credit Suisse as underwriters for its initial public offering this year, an executive at the company said today.
The budget airline has said that it plans to raise between US$150 million (RM455.2 million) and US$200 million in an IPO in the third or fourth quarter. — Reuters