Investment Banking

Wizz Air checks in to cautious UK IPO market

Hungarian airline Wizz Air revived plans to list in London on Wednesday, but fears persist that the mid-cap market is overpriced

Hungarian airline Wizz Air revived plans to list in London on Wednesday, returning to an IPO market that remains cautious for mid-cap listings.

The budget airline announced Wednesday that it plans to list on the London stock market in the first quarter of 2015 in an effort to raise €150 million. Wizz Air had planned to raise €200 million in a planned London listing last May, but pulled the float in June citing market volatility in the airline sector.

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