Indian budget carrier GoAir – now rebranded as Go First – is expected to launch its initial public offering (IPO) in August. It is awaiting approval from the Securities and Exchange Board of India.
It expects to get clearance by the end of July. The IPO filing will be managed by Morgan Stanley and Citigroup. It would become India’s fourth airline to go public.
It plans to raise around $500 million in the public offering.
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