Air Berlin set to reveal IPO plan
Apr. 20, 2006
Air Berlin may announce more details of its upcoming IPO tomorrow.It is expected that the carrier's stock could begin trading as early as May 5. According to German daily Boersen-Zeitung, a possible press meeting Friday will signal the start of the road show for the offering, which includes a visit by CEO Joachim Hunold to the US to attract interest from Wall Street in the German low-fare airline.
Another newspaper, Sueddeutsche Zeitung, is reporting that around 50% of the company will be floated, with a total transaction value of between ?700 and ?900 million ($858.6 million-$1.1 billion), which is higher than had been expected.