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Strong demand exists for shares of new Thai media firm.
Nov. 5--The shares of state media company MCOT Plc proved a smash hit yesterday, with retail investors oversubscribing by nearly 13 times the shares allocated.
Pongsathorn Siriyodhin, acting-president for Krung Thai Bank, said a total of 105,500 subscriptions were received yesterday for 626.5 million shares. Krung Thai Bank was the sole agent for the 48.4 million shares allocated to retail investors.
The retail offering will be allocated randomly by Settrade.com, a subsidiary of the Stock Exchange of Thailand.
Allocations will be made using a ladder system, where applicants subscribing to 500-4,500 shares will be allocated first, 4,500-27,000 shares second and those larger than 27,001 last. Investors will be notified of their allocations on Tuesday.
MCOT is offering a ...
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- News wire article from: Worldsources Online October 28, 2004 700+ words
...Bt17 and Bt22 per share. "MCOT will be the first state enterprise...resolution passed on April 17. MCOT is aiming for complete transparency...s bid to distribute them to retail investors ahead of institutional investors...Next year he will reshuffle MCOT's radio business under the...
- MCOT takes IPO to investors in Singapore, Hong Kong.
- News wire article from: Asia Africa Intelligence Wire October 25, 2004 700+ words
...the retail subscription for MCOT's IPO starts via Krung Thai...nationwide on November 4, 2004 MCOT wants investors to initially...for November 8-11, 2004. MCOT shares are expected to debut...ensure fair treatment for all retail investors, the allocation of any shares...
- INITIAL PUBLIC OFFERING : Doubts emerge about MCOT, NATION.
- News wire article from: Finance Wire November 17, 2004 700+ words
...expensive." Other brokers said MCOT had failed to fetch a premium...securities house said that MCOT stocks were distributed widely to retail investors, making it vulnerable to...sentiment. He added that during MCOT's recent road-show in...
- Strong demand for new MCOT shares.
- News wire article from: Asia Africa Intelligence Wire November 5, 2004 700+ words
...media company MCOT Plc proved...yesterday, with retail investors oversubscribing...on Tuesday. MCOT is offering...allocated to retail investors. The remainder...But many retail investors said they expected MCOT to offer handsome...
- NOVEMBER 17 IPO: MCOT shares set at Bt22 apiece, NATION.
- News wire article from: Finance Wire November 9, 2004 700+ words
...media operator MCOT will offer 18 million...institutional and retail investors were both hugely...be allotted to retail investors who subscribed...500 and 4,500 MCOT shares, but failed...greenshoe option, MCOT allocated 121 million...million shares to retail ...
- MCOT IPO share price to be set on Monday.
- News wire article from: Asia Africa Intelligence Wire November 8, 2004 700+ words
...entertainment sector. MCOT is offering a total of...shares will be allocated to retail investors and the remainder of 72...received last Thursday. Retail investors were oversubscribed by 13 times. MCOT has arranged a green...
- IPO SWEETENER: MCOT plans Bt0.50 payout, NATION.
- News wire article from: The America's Intelligence Wire October 22, 2004 700+ words
...be sold via stock brokerages. MCOT's shares will be sold to retail investors at branches of Krung Thai Bank...subscribers will be allotted MCOT shares on a random basis. Earlier, many retail investors complained of being treated unfairly...
- MCOT SHARE SALE: Small investors get first priority, NATION.
- News wire article from: Worldsources Online September 13, 2004 700+ words
...structured to prevent cronyism MCOT Plc's IPO next month will...of unfair share allocation. MCOT's decision is in keeping...enterprises as possible for retail investors, an investment banking source...has come under criticism that MCOT's management was trying to...
- MCOT to sell IPO shares at about 35 baht in October.
- News wire article from: Asia Africa Intelligence Wire June 28, 2004 700+ words
...fiscal year ending May 2004, MCOT recorded 1.75 billion baht...net profit. Pornpimon said MCOT is the first organisation that...regulation to sell IPO shares to retail investors rather than seeking patronage...and the left-over shares. MCOT will offer only 15% of its...
- PUBLIC OFFERING: Thousands seek shares in MCOT, NATION.
- News wire article from: The America's Intelligence Wire November 5, 2004 700+ words
...retail tranche of MCOT Plc's initial...Unofficially, 105,000 retail investors applied to buy 626.5 million MCOT shares during the...shares, he said. MCOT held back 121 million...will be offered to retail investors. The rest are earmarked...
Source: HighBeam Research, Strong demand exists for shares of new Thai media firm.