Tiger Airways IPO
Public Offer: 12,386,000 offering shares
Maximum offering price: S$1.65 per share (proceeds of S$246.8m)
Underwritten by: Citigroup, Morgan Stanley and DBS
Important Dates:
18 Jan 2010 - Closing date and time for Singapore Public Offer
22 Jan 2010 - Commence trading on a 'ready' basis
Financial performance
- Operating revenues grew with a strong CAGR of 71.6% from FY06, reaching S$378.0m (US$268.3m) in FY09. Total revenue for the six months ended 30 September 2009 was S$206.1m (US$146.3m), representing an increase of 12.4% YoY.
- Net loss, on the other hand, stood at S$8.3m, better than S$25.2m in previous corresponding year.
- This compares to S$5,953.5m in 1HFY10 revenue and S$465.9m in net loss for SIA (3.5% of SIA's half-year revenue and 1.8% of its net loss)
22 Jan 2010 - Commence trading on a 'ready' basis
Financial performance
- Operating revenues grew with a strong CAGR of 71.6% from FY06, reaching S$378.0m (US$268.3m) in FY09. Total revenue for the six months ended 30 September 2009 was S$206.1m (US$146.3m), representing an increase of 12.4% YoY.
- Net loss, on the other hand, stood at S$8.3m, better than S$25.2m in previous corresponding year.
- This compares to S$5,953.5m in 1HFY10 revenue and S$465.9m in net loss for SIA (3.5% of SIA's half-year revenue and 1.8% of its net loss)
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