Asset World launches record $1.4bn Thai IPO

By Jonathan Breen
11 Sep 2019

Thai real estate owner and developer Asset World Corp has hit the market with a Bt41.7bn ($1.36bn) IPO, set to be the country’s largest listing by a private company, according to a term sheet seen by GlobalCapital Asia.

The issuer is working with international co-ordinators Bank of America, Morgan Stanley and UBS for the deal, which comprises 6.96bn shares on offer at a fixed price of Bt6.00 apiece. There is also a 1.04bn share greenshoe.

Handling local investors are domestic co-ordinators Bualuang Securities, Kasikorn Securities, Phatra ...

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