Wizz Air raises £257m as IPO priced at 1,150p

25th Feb 2015 08:07

Wizz Air priced its initial public offering at 1,150p on Wednesday, giving it an initial market capitalisation of £601m.The budget airline claimed that the size of its offering reached £257m, with the company to recieve £103m and shareholders the remainder.The Budapest-based airline decided to float on the London Stock Exchange in 2015 after calling off a prior attempt in June 2014 due to volatile airline share prices.Unconditional trading for retail investors will begin on 2 March.