Wizz Air LSE IPO

Overview:

• Wizz Air Holdings has undertaken an IPO on the LSE.
• The budget European air carrier has announced an IPO of 23,360,008 ordinary shares on the main market and is hoping to raise €150 million.
• The deal gives the carrier a market cap of £601 million.
• The carrier has 350 routes and flys to 106 destinations.
• The announcement marks the second time the airline has tried to launch a London IPO following a failed attempt in June 2014 with the company pulling out of the deal and blaming a volatile share price.

Sam Duke - Editor