International roadshows began in Kuala Lumpur on Tuesday for the Bt6.5 to Bt7 billion $200 million to $210 million initial public offering of Carabao Group, Thailand's second-most popular energy drink.
Under the lead management of CIMB and Kasikorn, roadshows will continue in Singapore on Wednesday and Hong Kong on Thursday ahead of pricing and allocations on November 10.
The 250 million share offering was originally structured as a purely domestic deal and investors say the order book was already covered by domestic institutions before the group embarked on international roadshows. According to a term sheet seen by FinanceAsia, foreign investors will now be offered 72...
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