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Aer Lingus sets price for public share offering
Aer Lingus has priced its initial public share offering at €2.20 (£1.73), giving it a market value of 1.13bn euros when share trading begins on the Dublin and London stock exchanges on October 2.
The Irish government, which owns 85.1% of the airline, is selling more than 50% of its shares to investors.
The share pricing is at the lower end of market forecasts and is expected to raise about €501.8m.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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