Thai Beverage, better known as ThaiBev and the producer of Chang beer, recently confirmed its intentions to spin-off its beer business onto the Singapore Exchange. Local media sources citing people familiar with the matter have suggested the deal should draw between $2 billion to $3 billion, which would represent Singapore’s largest IPO since 2011 when Hutchinson Port Holdings Trust raised $5.5 billion.
Following a year which included ongoing rocky US-China relations and non-profitable technology companies going public, ThaiBev’s plans plays on three characteristics unique to any Southeast Asia deal in the pipeline Renewed interest in Thai deals, proliferating investments for Asean integration stocks, and stable profitability.
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