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Konstantin von Wedelstaedt
Earlier, Flynas revealed that it plans to provide investors approximately 51.26 million shares in the IPO, with certain shares being sold by current shareholders, among them Saudi Prince Alwaleed bin Talal's Kingdom Holding Co. Overall, Flynas intends to offer securities equivalent to around 30% of its total share capital.
The book building is scheduled for May 12-18, with Goldman Sachs, Morgan Stanley, and BSF Capital acting as the IPO coordinators.
According to sources, talks regarding the price range are still in progress and a final decision has not yet been made.
Flynas commenced operations under the Nas Air name in 2007. The firm had been contemplating an open market offering since 2008 and in 2018 even enlisted Western investment banks such as Morgan Stanley and Citigroup to facilitate the arrangement.
In 2024, Flynas reported earnings of $2 billion and net profits of approximately $116 million.
source: bloomberg.com
The book building is scheduled for May 12-18, with Goldman Sachs, Morgan Stanley, and BSF Capital acting as the IPO coordinators.
According to sources, talks regarding the price range are still in progress and a final decision has not yet been made.
Flynas commenced operations under the Nas Air name in 2007. The firm had been contemplating an open market offering since 2008 and in 2018 even enlisted Western investment banks such as Morgan Stanley and Citigroup to facilitate the arrangement.
In 2024, Flynas reported earnings of $2 billion and net profits of approximately $116 million.
source: bloomberg.com
