AER LINGUS” initial public offering is expected to raise about E660m giving the airline a market value of about E1.1bn, reports suggest as the carrier prepares to go to market. As part of the IPO in London and Dublin later next week, Aer Lingus will issue 200m new shares while the Irish government will sell 75m shares. It was the first flotation of an airline on the London Stock Exchange since Easyjet six years ago. Aer Lingus expects to raise about E500m, with additional revenue coming from the government sale of its stake. Fleet expansion has been earmarked for the cash.
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