Bangkok Airways fixes IPO terms

Bangkok Airways has fixed formal terms for an initial public offering (IPO). The carrier hopes to raise between Bt16.79 billion and Bt19.71 billion ($510 million and $604 million) with the sale of 730 million shares. The shares, which have a price range of Bt23 to Bt27, are split of 520 million primary shares (24.8% of enlarged), plus 105 million secondary shares (5% of enlarged) and a further 105 million shares (5% of enlarged). The first tranche of secondary shares are being divested by a member of the controlling family, Paramaporn Prasarttong-Osoth, and will be sold during the first day of