Banpu Power has launched Thailand’s largest initial public offering of the year, hoping its deal will be as successful as Global Power Synergy’s GPSC IPO from the same sector in May 2015.
The power generation arm of the SET-listed Banpu Group is currently wrapping up Thai roadshows for a transaction slated to raise Bt11.7 billion to Bt13.6 billion $337 million to $394 million based on an indicative price range of Bt18 to Bt21 per share.
This would make it the country's largest flotation of 2016 and only the third benchmark-sized offering of the year following earlier issues by Golden Venture Reit, which raised $233.43 million in...
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