Thailand’s Osotspa set to pop open $464m IPO

By Jonathan Breen
19 Sep 2018

Thai energy drink manufacturer Osotspa is looking to raise up to Bt15.1bn ($464m) from its IPO, setting the initial terms for the deal on Wednesday.

The float will comprise approximately 506.8m primary shares and 97m secondary, representing a combined 20% of the company’s enlarged share capital. The stock is on offer at Bt22 to Bt25 apiece, potentially raising Bt13.3bn to Bt15.1bn.

Osotspa is working with Bank of America Merrill Lynch and JP Morgan as ...

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