Thai carrier Nok Air next month plans to issue an initial public offering (IPO) to fund a fleet expansion. In a filing with Thailand’s Securities and Exchange Commission, the airline says 30% of its equity will be offered with the sale of 187.5 million ordinary shares, 125 million of which will be newly issued and 62.5 million from existing stock. Nok declines to confirm a price for the shares, which is still being determined. However, local media, citing industry sources, say the ...

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