Flybe raised £66 million ($104.2 million) in its long-awaited stock market flotation completed Friday.
Flybe Embraer E-195. Photo: Courtesy, Flybe. Flybe raised £66 million ($104.2 million) in its long-awaited stock market flotation completed Friday. The Exeter-based regional airline sold 20.3 million ordinary shares priced at 295 pence per share (ATW Daily News, Dec. 9). The offer represented around 28% of its total float of 72.8 million ordinary shares, excluding the exercise of an over-allotment option of up to 2 million shares granted to Merrill Lynch International. Flybe ...
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