Thailand's Ananda Development starts IPO roadshow

Ananda Development kicked off the international roadshow for its initial public offering yesterday, aiming to raise between Bt5.6 billion and Bt6.5 billion $182.4 million to $212.8 million. The listing is scheduled for early December.

The deal drew a very positive response from investors and secured a number of anchor orders from international investors, a source said. After the domestic roadshow ran last week, the international roadshow is expected to continue until November 21.

The latest IPO comes as the Thai stock market has been performing strongly, while IPO activity in the country has picked up dramatically.

There have been 17 IPOs so...