Source: greekcitytimes.com
Athens International Airport (AIA) made a successful stock market debut on October 17, 2023, raising €1.2 billion in Greece's largest initial public offering (IPO) in over a decade.
AIA's IPO was priced at €9 per share, and the stock closed at €9.50 on its first day of trading. The IPO was heavily oversubscribed, with demand from both domestic and international investors.
The Greek government owns a 55% stake in AIA, and the IPO is part of the government's privatization program. The government plans to use the proceeds from the IPO to reduce its debt and invest in infrastructure.
AIA is one of the busiest airports in Europe, handling over 25 million passengers in 2022. The airport is a major hub for tourism and business travel to Greece.
The successful IPO of AIA is a positive sign for the Greek economy. It shows that there is strong investor demand for Greek assets, and it is a boost for the government's privatization program.
Here are some additional insights from a Forbes perspective:
The successful IPO of AIA is a sign of confidence in the Greek economy. The fact that the IPO was heavily oversubscribed shows that there is strong demand from investors for Greek assets. This is a positive development, as it will help to attract more foreign investment to Greece.
The IPO is also a sign of progress in the government's privatization program. The government has been privatizing assets in order to reduce its debt and raise money to invest in infrastructure. The successful IPO of AIA shows that the government is making progress in this area.
Overall, the successful IPO of AIA is a positive development for the Greek economy. It is a sign of confidence from investors and progress in the government's privatization program. These are both positive developments for the future of the Greek economy.