Investors drink in Carabao $216m Thai IPO

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By Rashmi Kumar
06 Nov 2014

Energy drinks maker Carabao Group has started bookbuilding for its Bt7bn ($216m) Thai IPO, with the rarity value of the transaction driving strong support from investors ahead of the launch.

Some 250m shares are up for grabs and being offered at a price range of Bt26.00-Bt28.00 a share. This translates to a 2015 P/E multiple of 17.3x-18.7x, according to a banker on the trade.

The deal got off to a strong start as institutional investors were clamouring for ...

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