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Singapore's budget carrier Tiger Airways will price its initial public offering at $1.50 a share, in the middle of an indicative range which will value the deal at around $248 million, sources close to the deal said on Monday.
The final price compares with an indicative range of $1.35-$1.65, sources told Reuters.
The sources declined to be identified because the deal is not public. A spokesman for Tiger Airways declined to confirm the final price.
The airline, 49-% owned by Singapore Airlines (SIAL.SI), will list its shares on the Singapore Exchange on Jan. 22. Citigroup (C.N), Morgan Stanley (MS.N) and DBS (DBSM.SI) are handling the IPO, according to the prospectus.
