Highly commended CEE deal of the year 2013: Pegasus Airlines

Pegasus Airlines $330 million IPO
Global coordinator	Barclays
return to the Deals of the Year 2013 index

Another year of volatility and underperformance in equity markets kept the majority of IPO candidates from emerging Europe on the sidelines in 2013. Of the few that did venture out, Turkey’s Pegasus Airlines caught the eye for its ability to negotiate a fragile market environment and resilient aftermarket performance.

The low-cost carrier – Europe’s fastest-growing airline – had initially planned to list in 2011, but postponed the deal in response to deteriorating market conditions.