Bankers started investor education yesterday for Ananda Development, a property developer that is aiming to raise $200 million to $250 million from an initial public offering in Thailand. The listing is scheduled for early December.
The deal comes amid a pick-up in IPO activity in Thailand. So far this year there have been 16 IPOs, which have raised a combined $1.39 billion, according to Dealogic. That compares with eight deals that raised a total of $259 million during the same period last year.
The biggest offering this year was by a property fund backed by UK supermarket chain Tesco, which raised Bt18.4 billion $602 million in...
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