Will Japan Airlines' $8.5 billion IPO meet a fate similar to Facebook?
Skift Take
High demand and an anticipated market could either turn JAL into a success story for bankrupt airlines after its two-year turnaround, or shares could soon fall as competition in the Asian market rises.
Japan Airlines Co.’s parent priced a 663 billion yen ($8.5 billion) initial public offering in the carrier at the top of a range after record earnings lured investors to the biggest IPO since Facebo
