Evaluate the view that easyJet's decision to raise long-term finance by selling shares ispreferable to raising it through borrowing.

E Welcome to Edison X IB Bus. Mgt 3.1 Exa X SHILAH ODA - IB BU X E SHILAH ODA - ib bu x E SHILAH ODA - ib bu x ESD Portal X *3.1 Exam Style Que X + X C D A docs.google.com/document/d/1ehTTFt1a70_FyZPtB5SXUdtaDZagYPomtf00eB5wicU/edit -FW School Resources SHILAH ODA - IB Bus. Mgt 3.1 Exam Quz * 6 Share S File Edit View Insert Format Tools Add-ons Help Last edit was 4 minutes ago 100% Normal text Century Go... - 12 + B J U A . G H O BEEBEE E. EEX 1 1 . EASY JET TAKES OFF TO 342P SHARE PRICE easyJet, Europe's second largest low-cost airline, Read the case study informat.. saw its share price rise strongly on its first day of trading as a public limited company, rising 10% to $3.42. The offering was priced at $3.10 a share with the issue of 63 million shares raising $195 easyJet.com million. The issue, solely to institutional investors, represented about 25% of the enlarged share capital. The stake held by Georgiana Haji loannou, founder and chairwoman of the company, was valued at about $328 million. Mrs. Haji-loanno and her brother and sister still control about 75% of easyJet. Investment bankers said the issue attracted strong interest. The performance of the shares had been helped by the strong rise of Ryanair, the leading European low-cost airline, which has been used by investors as a yardstick for the easyJet offering. easyJet shares have also proved attractive because the company has seen its passenger numbers rise markedly over previous years. Capital raised from the share issue is earmarked to support the purchase of new aircraft as part of the group's plans for a rapid expansion during the next few years, which includes the addition of 32 new Boeing 737-700s, more than doubling the size of the fleet . + O 9 Sign out US 7 2:56