STORY OF THE DAY • Feb 28, 2017 • 2 min read
‘Bikini airline’ Vietjet’s stocks soar as company goes public
By
Euan Black
• Feb 28, 2017
Vietnam’s only privately owned airline, Vietjet, issued 300m shares on the Ho Chi Minh City Stock Exchange Tuesday morning. By 9:19am, the stock price had jumped from $3.95 to $4.74, valuing the low-cost airline at $1.42 billion
A Vietjet crew member closes the door of a A320 airplane before departure for Bangkok at Noi Bai international airport in Hanoi. Photo: Nguyen Huy Kham/Reuters