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Aug. 1--IRP DEBUTS TOMORROW: Shares of Indorama Polymers will begin trading on the Stock Exchange of Thailand tomorrow under the symbol IRP.
The company, one of the largest producers of PET polymers in the world, will list 1.38 billion shares at one baht par value. The company floated 320 million shares in its initial public offering late last month at a price of 3.75 baht each, a valuation of 6.37 times earnings.
Siam City Securities was the adviser for the listing, which also includes a greenshoe option of 48 million shares to accommodate any additional investor demand.
KK BONDS TO BE LISTED: A total of 6.44 billion baht worth of bonds issued ...