11 months PAL considering re-IPO in 2020 – Bautista Manilatimes |Biz
PHILIPPINE Airlines (PAL) may push through with its plan to hold a re-initial public offering (IPO) next year, its top official said on Wednesday. On the sidelines of an event in Manila, PAL President and Chief Operating Officer Jaime Bautista said the flag carrier would study the plan within this year and take into consideration the recent investment of Japan’s ANA Holdings Inc. in the airline. A listed firm usually holds a re-IPO to increase its public float or raise funds for expansion. The Lucio Tan-led airline expects to close its $95-million deal — or equivalent to 9.5 percent of ... more