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Thai brokerage Phatra Securities sets IPO price at Bt31.
(From Thai Press Reports)
Section: Stocks - Phatra Securities Plc has finalised the price for its 50 million initial public-offering (IPO) shares at Bt31, The Nation reports.
That is the highest price in an indicative price range that starts at Bt27.
"From the book-build process, foreign-institutional investors have expressed an interest in buying at the offering price, with 10 times over-subscription," Kim Eng Securities (Thailand) Plc chief executive Montree Sornpaisarn told reporters at the contract signing yesterday.
Kim Eng Securities and National Securities have been appointed as Phatra Securities' financial advisors for the IPO. …
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