Carabao cheers as $216m IPO priced at top

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Carabao cheers as $216m IPO priced at top

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Bangkok Highway at Dusk with skyline in Thailand | vichie81 - Fotolia

Energy drinks maker Carabao Group has raised Bt7bn ($216m) from its IPO by pricing the trade at the top of the offered range. With books around 10 times covered, the deal received strong support from both international and domestic institutional investors eager to buy into the Thai company’s story.

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