Thai Tap Water IPO raises USD129m
- From: Vol 9, Issue 5 (May 2008)
- Category: General
- Region: Asia
- Country:
- Related Companies: Ch. Karnchang, Pathum Thani Water and Thai Tap Water Supply
Thai Tap Water’s long-awaited initial public offering finally priced on 14 May. International investors would have needed a degree in Thai to fully appreciate the prospectus.
Potable water supply company Thai Tap Water priced its long-awaited initial public offering on 14 May, following a series of lengthy delays. The deal priced at THB4.20 (USD0.13) per share, just below the midpoint of the THB 4.00-4.50 indicative price range, putting the total IPO value at THB4.2 billion (USD129 million), and implying a market ...
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