China Airlines, Ltd. (TSEC:2610) (CAL) is planning to launch an Initial Public Offering (IPO) for Tigerair Taiwan Ltd. The move was announced January 22, 2019 by the CAL. A CAL spokesperson told ATW the Tigerair Taiwan IPO is in its early stages and the amount to be raised is still being evaluated and discussed with the sponsoring broker. There is no specific target date set for the IPO, according to CAL.

CAL did not immediately respond to an ATW query on any interested buyers for the released shares. The next step is for Tigerair Taiwan to apply to the Taiwan Stock Exchange for public listing approval before the stock can be publicly listed for trading.