Wizz Air (W6, Budapest) and Wizz Air Ukraine (Kyiv Igor Sikorsky) parent, Wizz Air Holdings plc, is looking to raise EUR200million (USD275million) via an IPO on the London Stock Exchange. CEO Jozsef Varadi told the international press that while the firm did not need external financing, the capital raised would be used for asset financing and to open new markets.
"We will continue to grow the business. New markets can be stimulated," chief executive Jozsef Varadi told Reuters news agency.
The listing is expected to close in June with Barclays, Citigroup, JP Morgan and Nomura appointed leaders.
As central Europe's largest LCC, Wizz Air is backed by Phoenix-based private-equity firm, Indigo Partners LLC, which also own the US budget carrier, Frontier Airlines (F9, Denver International). With a total fleet of fifty A320s, Wizz Air Holdings serves 95 destinations in 35 countries located throughout Europe, Israel, Turkey and the United Arab Emirates.
