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Bangkok, Thailand, Aviation Fuel Services Sees Shares Surge 106 Percent.
Byline: Krissana Parnsoonthorn
Apr. 5--Shares of Bangkok Aviation Fuel Services Plc surged 106 percent over their initial public offering price yesterday on the company's first day of trade.
The shares opened at 98.50 baht, up 38.50 baht from the initial public offering price of 60 baht, before closing at 124 baht, in turnover worth 2.12 billion baht, more than 25 percent of the market's total turnover for the day.
Bafs listed its 34 million shares on the main board, of which nine million shares were new issues sold to the public and one million subscribed by company staff.
The majority of the 24 million shares held by major ...
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