Illustrative image (Source: AFP/ VNA) Hanoi (VNA) - Indonesia's Lion Air is set to launch aninitial public offering (IPO) in a listing that could reportedly raise up to 1billion USD.
The fundraising by Southeast Asia's largest airline comes after itsuffered a recent customer data leak and nearly one year after a high-profile crash that killed 189 people.
The funds will be used to strengthen the company's financialstructure, Lion Air’s spokesman Danang Prihantoro said.
He, however, declined to comment on a timeline for the listing or howmuch the firm planned to raise.
Citing an unnamed source, Bloomberg News reported that Lion Air - whichhas postponed a public listing several times in the past - could raise as muchas 1 billion USD in the upcoming listing.
That would make it Indonesia's third-biggest IPO on record,according to Bloomberg data.
Last month, Lion Air said it suffered a data leak that reportedlyaffected millions of customers.
The leak involved the names, birthdays, addresses, phone numbersand other details of up to 35 million customers, the Jakarta Post reported,citing a source.
Last October, a Lion Air-operated Boeing 737 MAX slammed into the JavaSea minutes after taking off from Jakarta, killing all passengers aboard./.
VNA
