Jordanian government yesterday announced the "successful completion" of an IPO of 71% of flag carrier Royal Jordanian at JOD3.08 ($4.32) per offer share (ATWOnline, Dec. 5). With 59.9 million shares being sold, the market capitalization of the carrier is JOD260 million. Total proceeds came to JOD164.5 million. The shares are expected to begin trading on Dec. 17. The offering consisted of 22.3 million shares to domestic retail and institutional investors (including a placement of 6.5 million ...

Subscribe to Access this Entire Article

"Jordan launches RJ IPO, proceeds reach JOD164.5 million" 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?

Already registered? here.