Lion Air Considers Reviving $500 Million Indonesian IPO, Sources Say
- Indonesia’s biggest private carrier is working with advisers
- Covid put Lion Air’s plan for 2019 share sale on hold
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PT Lion Mentari Airlines is considering reviving an initial public offering in Jakarta that could raise as much as $500 million, according to people familiar with the matter.
Indonesia’s biggest private carrier is working with advisers on a potential offering that could take place as soon as the end of this year, the people said, asking not to be identified discussing private information. The company could raise $300 million to $500 million, they said.