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Thai Technology Retail Chain Closes Lower on Debut.
Byline: Nuntawun Polkuamdee
Jun. 3--Technology retail chain IT City had a disappointing debut on the Stock Exchange of Thailand (SET) yesterday, with shares closing well below its initial public offering (IPO) price.
The shares closed at 3.18 baht, with a high of 3.3 baht and a low of 3.12 on turnover of 50.4 million baht. The IPO price was set at five baht.
The SET index closed 0.24 percent higher at 404.78 points, up 0.96, on trade worth 8.1 billion baht.
The poor debut for IT City comes just as share sentiment in the overall market has climbed strongly in recent months.
SET president Kittiratt Na Ranong said market ...
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Source: HighBeam Research, Thai Technology Retail Chain Closes Lower on Debut.