21-Jun-2013 12:22 PM

Nok Air raises USD118 million through IPO

Nok Air announced (17-Jun-2013) its Initial Public Offering (IPO) of ordinary shares offered to investors between 12-Jun-2013 to 14-Jun-2013 at THB26 (USD0.63) per share received "overwhelming" response from investors. Nok Air raised THB3.25 billion (USD78.6 million) from the newly issued ordinary shares and THB1.625 billion (USD39.3 million) from shares offered by an existing shareholder. The total proceeds raised equal THB4.875 billion (USD118 million). NOK shares commenced trading in the Stock Exchange of Thailand on 20-Jun-2013. [more - original PR]