Formal terms for an initial public offering by Bangkok Airways were fixed on Monday, with Thailand’s fourth largest carrier hoping to raise between Bt16.79 billion and Bt19.71 billion $510 million and $604 million.
The 730 million share deal has a price range of Bt23 to Bt27 per share and a split of 520 million primary shares 24.8% of enlarged, plus 105 million secondary shares 5% of enlarged and a further 105 million shares 5% of enlarged.
The first tranche of secondary shares are being divested by a member of the controlling family, Paramaporn Prasarttong-Osoth, and will be...
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