REPUBLIKA.CO.ID, JAKARTA - The low cost airline Air Asia X Berhad will launch their initial public offering (IPO) for Malaysian market. The company plans to offer share price at 1.25 Malaysian Ringgit (RM) or equal to 3,681 IDR per share.

By fixing the price per share, the market capitalization of AirAsia will reach more than three billion RM or 9,627 billion IDR. The company will release as many as 790.12 million shares or 33 percent of the issued and paid-up shares.

Independent Chairman of Air Asia X Berhard, Tan Sri Rafidah Aziz said about 25 percent of the shares offered in IPO were primary shares, while the rest is secondary shares. After the IPO, the company is predicted to have fund b 987.7 trillion RM or 3.05 trillion IDR.

"Total demand for shares from the institutional sales stage reaches 10 times, greater than the availability of basic shares intended for the investors," said Azis in a press statement on Monday.

Not only from domestic investors, the company also received requests from international investors. The Company has met with more than 3,000 retail investors in several cities in Malaysia. They ordered more than two billion shares.

Air Asia is scheduled to hold IPO in Malaysia's Stock Exchange on July 10, 2013. CIMB Investment Bank has been appointed as financial advisory, while Kenanga Investment Bank, Maybank IB and RHB Investment Bank have been appointed as the main underwriter.

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