TAIPEI (TVBS News) — StarLux Airlines (星宇航空) will list on Friday (Oct. 25), setting a new milestone in Taiwan's stock market history. The airline's public stock subscription, which concluded on Oct. 17, attracted 1,721,939 participants, marking a record high.
StarLux Airlines offered its shares at NT$20 each during the three-day subscription period from Oct. 15 to 17. The company will conduct a public drawing on Oct. 21 for the 79,900 lots available. The odds of securing shares stood at a mere 2.32%, reflecting the intense investor interest.
Based on the average transaction price of NT$31.92 on Oct. 17, successful subscribers who purchased two lots could potentially earn a profit of NT$24,000, translating to a return of nearly 60%.
The airline previously achieved impressive results through its auction process, with a weighted average winning bid price of NT$23.28. The oversubscription rate reached 2.2 times, and the highest bid soared to NT$100, totaling more than NT$7.4 billion.
Looking ahead, StarLux Airlines remains optimistic about Taiwan's strategic position as a potential hub in the rapidly growing Asia-Pacific aviation market.