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Air

Saudi Arabia’s flynas raises $1.1 billion in landmark IPO, marking Gulf aviation’s first listing in nearly 20 years

Saudi Arabia’s low-cost airline flynas has raised approximately SAR4.1 billion (USD1.1 billion) in a heavily oversubscribed initial public offering (IPO)

Hotels

Lemon Tree Hotels gets IPO approval from SEBI

Lemon Tree Hotels receives approval from The Securities and Exchange Board of India (SEBI) to sell shares of its company in an initial public offering (IPO). The hotel chain is the 46th firm to receive clearance for IPO this year according to SEBI’s official website.

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