Saudi Airline Flynas Sets IPO Price at Top End of Range
Saudi Arabia's Flynas Co. set the price for its initial public offering at the top end of the range, showing continued demand for Gulf listings as global market turmoil eases.
The low-cost airline is set to raise 4.1 billion riyals ($1.1 billion) with the first-time share sale, according to a statement.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Virgin Australia to Relist in Biggest Asia Airline IPO for a Decade
Good morning, it's Carmeli from a cold Sydney here to bring you the latest news... Today's must-reads: • Virgin Australia to relist • GDP misses estimates • Tesla under scrutiny Australian equities investors will soon be able to get a slice of Virgin Australia in their portfolio, with the airline set to relist in an initial public offering worth A$685 million ($443 million). The Bain Capital-controlled airline is betting that investor appetite is ripe for a listing, despite the turmoil caused by US President Donald Trump's trade war. The private equity giant is selling 30% of the airline and will continue to hold about 40%. Qatar Airways has a 25% stake.
Bloomberg
3 hours ago
- Bloomberg
Salesforce, Informatica Is Good for Permira, Co-CEO Says
Permira co-Managing Partner and co-CEO Brian Ruder explains why the $25 per share price that Salesforce is paying for Informatica is good for his investors. Ruder joins Caroline Hyde and Ed Ludlow on 'Bloomberg Technology." (Source: Bloomberg)
Bloomberg
3 hours ago
- Bloomberg
China's First Foreign-Owned Hospital Seeks More Medical Tourists
A Singapore hospital operator wants more international patients to seek treatment at its new medical center in China, as foreign healthcare providers eye medical tourism as a new growth area in the world's second-largest economy. Perennial Holdings Pte 's $139 million hospital opened earlier this year in the northern city of Tianjin, and is the first fully foreign-owned medical facility in the mainland. The hospital aims to derive 30% of its revenue during its first year of operation from patients visiting from Russia to the Middle East and Southeast Asia — hoping China will become an emerging destination for medical tourism that can compete with established regional rivals Singapore, Thailand and Japan.
