Wed May 30, 2012 11:26pm EDT
Shares of Asia Aviation Pcl, owner of the Thai affiliate of Malaysia-based budget carrier AirAsia Bhd , rose as much as 8 percent above their initial public offer price in their debut on Thailand's main stock exchange.
By 0302 GMT, Asia Aviation shares were trading at 3.84 baht ($0.12), 3.78 percent above the IPO price of 3.7 baht ($0.12). Trading volume was at a high of 330 million shares.
Asia Aviation, a holding company that owns 51 percent of budget carrier Thai AirAsia, raised 4.5 billion baht ($141.18 million) in its initial public offering this month.
(Reporting by Viparat Jantraprap in Bangkok; viparat.jantraprapaweth@thomsonreuters.com)
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