Bangkok-headquartered independent power producer launches Thailand’s largest IPO of the year. It's 2017's fourth benchmark-sized IPO – all in the power sector.
Other winners in Thailand include Kasikorn Bank, Phatra Securities and Bualuang Securities, while Citi and Credit Suisse seal top international honours.
The country's oldest power producer hopes to replicate other recent Thai utility successes, despite a relatively weak broader market backdrop and mildly rich pricing.
Infrastructure fund chooses advantageous moment to formally launch one of Thailand's largest IPOs, with investors looking for yield plays as deflationary expectations gain ground.