Tiger’s IPO success shows there’s something about airlines

Tiger Airways Holdings’ IPO has to be considered a success in today’s difficult times. With 165,155,000 shares offered, priced at SGD1.50, the heavily oversubscribed share issue yesterday raised SGD247.7 million (USD178 million), valuing the company at SGD781.3 million (USD563.7 million). Tiger shares will be listed on the Singapore Exchange on Friday, 22-Jan-2010.

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