February 13, 2017 / 9:29 AM / 6 months ago

VietJet to list on February 28 at $1.2 billion valuation: exchange

An aircraft of Vietjet prepares for landing at Noi Bai airport, in Hanoi, Vietnam November 21, 2016.Kham/File Photo

HANOI (Reuters) - Vietnamese budget airline Vietjet Aviation VJC.HM will list on the domestic Ho Chi Minh Stock Exchange on February 28 at a starting price of 90,000 dong ($3.97) per share, the exchange said in a statement on Monday.

The starting price, which Vietjet announced last Thursday, would put the capitalization of Vietnam's biggest private airline at $1.19 billion.

Reporting by Mai Nguyen

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