Air Astana eyes London IPO in February

Dual listing

Kazakhstan based airline, Air Astana has pushed back its London initial public offering to February 2024, as it gears up for a book-building process.

In a stock exchange notice today (22 January), the company said its dual listing will comprise two offerings: shares and global depositary receipts (GDRs) in Kazakhstan and GDRs in London. Kazakh airline Air Astana plans dual London listing The overall offering will include shares and GDRs held by BAE Systems, which owns 49% of the airline, and by sovereign wealth fund Samruk-Kazyna Joint Stock Company, in addition to he shares and GDRs issued by Air Astana. The business said it intends to apply for the admission of the GDRs to the standard listing segment of the Financial Conduct ...