Latvia’s Cabinet has approved steps for the forthcoming initial public offering (IPO) of airBaltic (BT, Riga) including simplifying the airline’s share structure to enhance its appeal to investors.

To prepare for the IPO, airBaltic will consolidate its four existing share classes into a single class, in line with an August 30 Cabinet decision. The airline said in a statement that the move aims to increase transparency, improve the company’s capital structure, and reduce nominal share value by offsetting past accumulated losses. Although this…

Source: ch aviation
Read more: Latvia's airBaltic simplifies shares for IPO launch