The beauty parade for long-haul discount airline Air Asia X’s proposed IPO saw 11 banks – Barclays Capital, BNP Paribas, Citigroup, Credit Suisse, Morgan Stanley, Goldman Sachs, RBS and UBS from overseas, and CIMB, ECM Libra and Maybank from the domestic front – present today. Sources estimate the IPO wil be of a size of anywhere between US$250m and US$400m. Suggestions are expected to include dual listings on foreign exchanges, including Singapore and Hong Kong, as well as home exchange Bursa Malaysia. A shortlist of banks is expected to be announced on May 11, with the final decision likely in early June