Kerry Express launches $278m Thai listing

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By Jonathan Breen
03 Dec 2020

Thai express delivery company Kerry Express launched its IPO this week, aiming to raise up to Bt8.4bn ($278.2m) in proceeds.

The issuer hit the market on Wednesday, offering 300m shares at Bt25.00 to Bt28.00, aiming to list on the Stock Exchange of Thailand in the last week of the year.

The float, which equals 17.2% of Kerry’s equity capital, is divided so that 108.3m shares have been reserved ...

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