Articles tagged “ipo”

News Blog

Saudi Carrier Flynas Hires Goldman, Morgan Stanley for Potential IPO Next Year

Saudi Arabian low-cost carrier Flynas has hired Goldman Sachs Group, Morgan Stanley and Saudi Fransi Capital for a potential initial public offering on the Saudi Exchange (Tadawul), according to a Bloomberg report. Flynas expects to go public next year. Earlier reports had suggested that Saudi Arabian sovereign wealth fund — Public Investment Fund (PIF) had been…

Peden Doma Bhutia | 1 week ago

Tourism

U.S. Holiday Travel Season May Be Largest Ever

Today's podcast looks at U.S. holiday travel, Hilton's historic IPO, and Chinese travelers in New York City.

Rashaad Jorden | 2 weeks ago

U.S. Holiday Travel Season May Be Largest Ever

Hotels

Hilton’s Massive IPO, 10 Years Later: Top Takeaways

Hilton's IPO was more successful than any other hotel company's in the past decade, thanks to a transformation in corporate strategy. The lessons are still relevant to understanding Hilton and potential IPOs by emerging players.

Sean O'Neill | 2 weeks ago

Hilton’s Massive IPO, 10 Years Later: Top Takeaways

Airlines

Virgin Australia Executive in Charge of IPO Resigns

It turns out that Qantas is not the only Australian airline with C-suite exit issues.

Poonam Behura, Reuters | 2 months ago

Virgin Australia Executive in Charge of IPO Resigns

Online Travel

Yatra to Launch Indian IPO on September 15

Is this the beginning of a wave of IPO activity among Indian travel companies? Yatra is set to become the second online travel agency to be listed on the Indian stock exchanges, following EaseMyTrip. Both Ixigo and Oyo are also poised for potential listings, indicating a growing interest in the public markets within the Indian travel sector.

Peden Doma Bhutia | 4 months ago

Yatra to Launch Indian IPO on September 15

News Blog

Oyo India CEO and Europe Head Quit to Start Own Ventures

Ankit Gupta, the India CEO of hospitality technology platform Oyo, and Mandar Vaidya, the head of Oyo's European operations, will both be moving on from the company. "Ankit Gupta and Mandar Vaidya moved on from their roles six months ago in March 2023. We are proud of their achievements at Oyo and are thankful for…

Peden Doma Bhutia | 4 months ago

Airlines

Inside Dubai Airport’s Almost $3 Billion Mega Expansion

With an annual passenger volume of just under 90 million, it's no surprise that the primary focus of Dubai International Airport's expansion endeavors is directed towards elevating customer experience.

Peden Doma Bhutia | 4 months ago

Inside Dubai Airport’s Almost $3 Billion Mega Expansion

News Blog

Hotelbeds Hires Banks to Prepare IPO

Buyout fund Cinven and Canadian pension fund CPPIB have hired Morgan Stanley and Evercore to prepare an initial public offering for Hotelbeds, Expansion newspaper reported on Friday citing unidentified market sources. Hotelbeds, a company based in Palma de Mallorca which sells hotels rooms to wholesale customers such as travel agencies and tour operators, is worth…

Jason Clampet | 6 months ago

Airlines

India Daily: Go First Raises Pilot Pay With Retention Allowance

With enticing offers, the crisis-hit carrier endeavors to hold on to its flying crew, who are increasingly considering alternative opportunities.

Amrita Ghosh | 7 months ago

India Daily: Go First Raises Pilot Pay With Retention Allowance

Online Travel

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo

Not a bad payday, considering the partial exit yields a substantial six-fold return for H World Group. However, the heightened scrutiny on startup valuations has kept a lid on gains for Oyo.

Peden Doma Bhutia | 7 months ago

Chinese Hotel Firm Rakes in Six-Fold Return as It Sells Minor Stake in Oyo