Spring Airlines Denies Plans for a Second Listing on the Hong Kong Stock Exchange
Spring Airlines has clarified that it has no current plans to launch an Initial Public Offering (IPO) and list on the Hong Kong Stock Exchange.
Spring Airlines has clarified that it has no current plans to launch an Initial Public Offering (IPO) and list on the Hong Kong Stock Exchange. The clarification comes in response to media reports indicating that the low-cost carrier was considering the move to access international capital.
A company representative, quoted by the Shanghai Securities News, stated that while the company will fulfill its information disclosure obligations in case of any substantial developments, there is currently no concrete plan for a second listing. This statement directly contradicts information published by outlets such as Bloomberg, which had suggested the airline had already selected investment banks JPMorgan and UBS to manage a potential deal that could raise hundreds of millions of dollars.
Spring Airlines, which is already listed on the Shanghai Stock Exchange under the ticker 601021.SH, is one of China's leading low-cost carriers. The prospect of a dual listing in Hong Kong aligns with a growing trend among Chinese companies seeking to diversify their funding sources and attract a more global investor base.
The Hong Kong market is seen as a strategic gateway to international capital, especially amid geopolitical tensions that complicate listings in U.S. markets. An IPO in this financial hub would have provided Spring Airlines with additional funds for potential fleet and route expansion.
Despite the denial, interest in the capital movements of Chinese airlines remains high. China's aviation sector is showing a strong recovery in domestic traffic, although international markets and their associated yields still face challenges.
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