TAIPEI (TVBS News) — Starlux Airlines Co. (星宇航空) launched its initial public offering on Friday (Oct. 25), trading at NT$20 per share. The stock surged over 49% to NT$29.95 in early trading. Starlux Chairman attributed the rapid listing to the hard work of all employees, calling it a legendary achievement.
During the listing ceremony, Chang Kuo-wei (張國煒) walked from the entrance of Taipei 101 to the stock exchange amid cheers from employees, and expressed his delight at the event. Established in 2018, Starlux faced numerous challenges, including a two-year pandemic. Chang highlighted the resilience of Taiwanese people, noting the six-year journey to this milestone.
Chang emphasized that the listing signifies recognition of Starlux as a reputable and international airline, not driven by stock speculation. He stated that the move provides investors with increased security and transparency, enhancing investment efficiency. Moreover, the diversified funding sources from the listing are crucial for the airline's growth.
Addressing recent fraud incidents, Chang warned Starlux fans about scammers impersonating him, and clarified that he does not engage in stock trading or offer investment advice, urging the public to stay vigilant.