Air Berlin, as expected, on Friday began the road show for its initial public offering that is expected to raise gross proceeds of €350 million ($431.8 million) with net proceeds to the low-fare airline of €290 million. The subscription period begins April 28 and trading on the Frankfurt Stock Exchange will commence May 5. More than half of the offering comes from newly issued shares, with current shareholders providing the balance. Selling shareholders have agreed not to release ...

Subscribe to Access this Entire Article

"Air Berlin expects to net €290 million in IPO; trading to start May 5" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.