BANGKOK: Thailand’s leading arranger of initial public offerings (IPOs) since 2021 is targeting companies from neighbouring Vietnam and Cambodia for listing on the Bangkok bourse to counter a slump in domestic stock sales, though nationalism is one obstacle.
Thailand’s leading arranger of initial public offerings since 2021 is targeting companies from neighbouring Vietnam and Cambodia for listing on the Bangkok bourse to counter a slump in domestic stock sales, though nationalism is one obstacle.
The One Enterprise Plc, Thailand's leading full-service media and entertainment company, is set to raise 4.2 billion baht from its initial public offering (IPO).
Capital crush
published : 5 May 2021 at 04:00
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As the pandemic slogs into its second year, Thai companies are increasingly looking to capital markets as a source of funding during a time of unreliable investor sentiment.
The Thai initial public offering (IPO) market is expected to remain active for the next few years, grabbing a leading spot in Asean, spurred by a slow economic recovery that is forcing unlisted firms with low liquidity to seek working capital.
Businesses run by large families are now more interested in listing on the Stock Exchange of Thailand (SET) to raise funds for expansion and liquidity enhancement after suffering from the pandemic for over a year, said Anuwat Ruamsuke, managing director of Phatra Securities.
OR makes impressive debut on bourse
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published : 12 Feb 2021 at 05:32 SET president Pakorn Peetathawatchai, centre left, congratulates OR on its first trading day.
Shares of PTT Oil and Retail Business Plc (OR) opened for trading at 26.50 baht per share in its debut on Thursday on the Stock Exchange of Thailand (SET), up 47.2% from its initial public offering (IPO) price of 18 baht, before closing at a high of 29.25 baht in trade worth 47.4 billion baht.
OR operates locally and internationally with registered paid-up capital of 116 billion baht, with a par value of 10 baht each.
The company raised 54 billion baht in its IPO in January, ranking as the SET s largest IPO and the highest among oil companies in Asia since 2007, with total market capitalisation of 209 billion baht.