Back home, the support garnered by the domestic tranche of Tiger Airways' Initial Public Offering was massive, with the issue being 21 times oversubscribed. Singaporeans shrugged off all concerns and industry reservations about the low-cost carrier's financial performance and flocked around to get their hands on shares.

Late on Monday, a statement released by the budget airline revealed that locals filed 27,072 valid applications, looking to grab 260.1 Million shares, when only 12.4 million had been floated.

While competition for the larger international tranche was not as intense and overbearing, the offering still managed to be 4.5 times oversubscribed.

The very strong demand for shares might act like a driving force for RyanAsia, another budget airline operated by the Ryan family, to float its shares as well.

The stock of Tiger was priced at $S1.50 per share, and the company has shared that the offering has managed to raise funds of $S247.7 Million ($192.7 Million), out of which, about S$233 Million would go towards the airline.

The carrier is now expecting to begin trading of its shares on the Singapore Stock Exchange from Friday.