AirAsia X offers 252m shares in connection with IPO, complimentary tickets for IPO investors

AirAsia X announced (13-Jun-2013) the offering of 252.1 million shares at the initial retail price of MYR1.45 (USD0.47) per share, in connection with its IPO of up to 790.1 million shares and listing on Main Market of the Bursa Malaysia Securities Berhad. The carrier also announced an 'Inaugural Benefit' for IPO investors. The offering comprises:

• 52.1 million issue shares made available to eligible persons;
• 50 million issue shares made available to eligible passengers (being paying passengers who have flown with AirAsia X over the past 24 months prior to 10-Jun-2013, who are members of the BIG loyalty programme and Malaysian citizens);
• 150 million issue shares to the Malaysian public.

The carrier also announced 'Category A' investors (those acquiring between 10,000 and 99,999 IPO shares) will receive one complimentary return ticket to any AirAsia X destination. 'Category B' investors (those acquiring more than 100,000 IPO shares) will receive three complimentary tickets to any AirAsia X destination. AirAsia X CEO Azran Osman-Rani said: "This is an exciting milestone for us, and we wish to share this with our loyal passengers. We want to give them the opportunity to be part of something bigger, and that is to be part of our family, AirAsia X. As we open up our new chapter upon listing, our 'Inaugural Benefit' is a token of our appreciation for their long-term support. This is the start of something new with the 'Inaugural Benefit' for our loyal shareholders, who hopefully will remain with us for long term and embark with us on an exciting journey as we spread our wings further upon listing." [more - original PR]