Bangkok Post, Thailand Knight Ridder/Tribune Business News
Feb. 17--BLS oversubscribed
STOCKS: Initial public offering shares of Bualuang Securities sold out in their first day of subscription yesterday.
An investment banker at Asia Plus Securities, a co-lead underwriter, said demand for Bualuang shares from retail investors was very brisk, claiming that the allotments of IPO shares for retail investors were already sold out through the network of nine underwriters.
Prior to the retail subscription, institutional investment showed very strong interest in Bualuang shares at 50 times oversubscribed. Overwhelming demand came from the company's …