PTT is expected to file for the initial public offering of its oil and retail arm PTTOR at the very beginning of January, setting in motion what should be a record-breaking year for the Stock Exchange of Thailand SET.
PTTOR is one of the country’s most hotly anticipated IPOs of all time, and expectations are high for a deal that could raise up to $3 billion based on the syndicate’s Bt200 billion $6.1 billion working valuation for the entire company.
If the group’s valuation expectations are met, then its IPO will end up being almost double the size of the country’s previous record-holder -...
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