Tiger Airways Holdings defied analysts' skepticism and raised S$247.7 million ($178.2 million) through its IPO that closed yesterday, of which about S$233.3 million will go to the airline to fund its expansion. Its market capitalization will be S$780 million when it lists on the Singapore Exchange on Jan. 22 (ATWOnline, Jan. 18). CEO Tony Davis told media in Singapore that the "significant demand for shares from investors is a strong vote of confidence in our low-cost business model," ...

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