AirAsia X has reissued its initial public offering prospectus, with plans to raise ringgit (M$) 1.1 billion ($355 million) through the sale of a 33% stake.
The offering will run from today until 24 June, with a listing on Bursa Malaysia scheduled for 10 July, says the long-haul, low-cost carrier in a revised prospectus. It has set a tentative offer price of M$1.45 per share.
The total number of shares to be issued is the same, but the revised prospectus shows a doubling of the retail offering.
In the revised prospectus, the institutional allotment is 538 million shares, compared with 686 million in the carrier's previous prospectus issued in 2 November 2012.
The revised prospectus increases the retail component to 252 million, compared with 104 million previously.
The carrier will use the proceeds from the listing for capital expenditure, the repayment of bank borrowings, general working capital and listing expenses.