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Royal Jordanian IPO gets underway
- Jordan: Monday, November 19 - 2007 at 15:10
Jordan's government has opened the initial public offering (IPO) of up to 71% of existing shares in Royal Jordanian (RJ) Airlines. The IPO represents up to 59.9 million of the company's total share capital, with the shares priced at JD3.4 ($4.80) each - totalling around $287.5m. The shares are being made available to the Jordanian public as well as institutional investors based both within and outside the kingdom. Meanwhile, 6.7m shares are being placed in RJ's employee fund.
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Jonathan Sheikh-Miller, Deputy EditorMonday, November 19 - 2007 at 15:10 UAE local time (GMT+4)
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