TAIPEI (TVBS News) — Starlux Airlines (星宇航空) will transition to a listed company on Oct. 25, offering shares at NT$20 each. The public subscription begins on Oct. 15, allowing investors until Oct. 17 to purchase up to two lots each.
Starlux Airlines entered the over-the-counter market in late September 2022, quickly garnering over 30,000 shareholders within a week. The company plans a cash capital increase post-listing, issuing a total of 470,000 lots.
Employees will have the opportunity to acquire 15% of these shares, amounting to 70,500 lots. The remaining 399,500 lots will be available for public sale, with 79,900 lots reserved for investor lottery after auction deductions.
Financially, Starlux Airlines reported a revenue of NT$16.333 billion in the first half of 2024, marking a 65% increase from the previous year. The net profit after tax reached NT$900 million, up 172%, translating to earnings per share of NT$0.39.
Investors who secure shares at the current price could see a profit margin of NT$18,600 per lot, assuming last week's closing price of NT$29.3, yielding a 46.5% return.