Stock Market Flotation to Fuel Wizz Air's Growth Plans
New working capital from Wizz Air's IPO will fund route and frequency expansion in fast-growing Central and Eastern Europe.
Following it's successful initial public offering, European low-cost Wizz Air intends to step up its expansion plans. [Photo: Wizz Air]
Following it's successful initial public offering, European low-cost Wizz Air intends to step up its expansion plans. [Photo: Wizz Air]

Low-cost carrier Wizz Air is aiming to raise €200 million ($273 million) through an initial public offering on the London Stock Exchange next month. The 10-year-old company is seeking to expand its network, which currently consists of around 315 routes between 96 destinations in 35 countries, in order to challenge the continent’s leading budget carriers Ryanair and EasyJet. U.S. private equity group Indigo Partners, which is currently Wizz Air’s leading shareholder, is expected to reduce its equity holding through the share offering.