WHA Utilities and Power adds to Thai IPO parade

Thailand’s ECM market is heating up with yet another IPO set to launch this week, as WHA Utilities and Power starts bookbuilding on Tuesday.

  • By John Loh
  • 20 Mar 2017


The issuer has set a marketing range of Bt25.25-Bt26.25 a share to raise Bt6.02bn ($173m), with the roadshow running from March 21-28. It is looking to sell up to 229.5m shares, of which 125m are primary and 104.5m secondary to be provided by H-International.

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 China Merchants Securities Co 19.41
2 CITIC Securities 14.83
3 Agricultural Bank of China (ABC) 13.48
3 Industrial and Commercial Bank of China (ICBC) 13.48
5 China CITIC Bank Corp 12.13

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 11,622.77 43 9.14%
2 Citi 10,158.71 51 7.99%
3 Morgan Stanley 8,654.00 30 6.81%
4 China International Capital Corp Ltd 7,282.31 19 5.73%
5 China Securities Co Ltd 7,107.56 22 5.59%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 13,457.91 106 7.05%
2 Citi 12,841.55 81 6.73%
3 JPMorgan 9,603.62 47 5.03%
4 Bank of America Merrill Lynch 8,794.84 48 4.61%
5 Goldman Sachs 8,622.02 35 4.52%

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