Thai ECM gets fillip as SCG kicks off chunky $1.25bn listing

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By Jonathan Breen
24 Sep 2020

Thailand’s IPO market got a boost this week with SCG Packaging launching what is set to be the country’s largest listing since Covid-19 hit earlier this year. International and local investors have already swamped the deal, which is expected to raise up to Bt39.5bn ($1.25bn), writes Jonathan Breen.

SCG is a subsidiary of Siam Cement, one of Thailand’s oldest and largest industrial conglomerates. The issuer met with investors on Wednesday, pitching its story at a presentation in Bangkok that was also broadcast online.

Interest in the packaging company’s IPO has been solid, with enough demand already ...

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