Vietnam’s Bamboo Airways plans to raise $100m via IPO next year

Vietnam’s Bamboo Airways plans to raise $100m via IPO next year

Photo: FLC Group

Vietnam’s Bamboo Airways expects to raise about $100 million from its planned initial public offering next year to fuel its aggressive expansion in one of the world’s fastest-growing aviation markets.

“The fundraising will help us to expand our fleet as we want to take 30% of the domestic market next year,” Trinh Van Quyet, the Hanoi-based chairman of the startup carrier, said in a phone interview. Bamboo Airways currently has more than 10% of the market, he said.

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