Sri Trang pockets $281m from hot Thai listing

By Jonathan Breen
24 Jun 2020

Sri Trang Gloves priced its Bt15bn ($481.4m) Thai IPO at the top of the range this week, taking advantage of coronavirus-driven demand, strong international interest and a liquid domestic equity capital market. Jonathan Breen reports.

When the company set its IPO in motion a year ago, it was anticipating a small deal. Bankers, home and overseas, pegged the float at around $200m-$300m — a manageable size to be run as a domestic offering.

But Sri Trang’s performance jumped this year as demand for ...

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