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Sovereign Wealth Funds Briefing - Categorized | Market

Tiger aims for S$223-273 mln in IPO

Posted on 07 January 2010

From Flightglobal.com: Tiger Airways aims to raise S$223-S$273 million ($160-195 million) in its initial public offering, with the proceeds to be used for new aircraft, possibly a new airline or bases, and loan repayments. The carrier’s other major shareholders are Singapore Airlines with a 49% stake and Dahlia Holdings, a unit of Temasek Holdings, Singapore’s sovereign wealth fund.
The carrier is aiming for a share price range of S$1.35-S$1.65, according to an IPO document obtained by ATI. ……………………………………Full Article: Source

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