AirAsia Chief Says Brand Unit Is Nearing Nasdaq Backdoor Listing

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Tony FernandesAirAsia founder Tony Fernandes said that the Asian airline’s branding unit is closing in on a Nasdaq-listed target for a backdoor listing later this year that would value the newly created entity at about $1.5 billion. The deal, which will involve the merger of the branding unit with the US-listed company, will probably be announced within the next two months, Fernandes said in an interview on Friday in Kuala Lumpur. The merged entity will probably debut in the third quarter, he said.