Thailand’s prolonged drought of initial public offerings is set to come to an end after energy drink manufacturer Osotspa launched a Bt13.3 billion to Bt15 billion $405 million to $460 million deal on Wednesday.
Osotspa will be the first internationally marketed Thai IPO after Gulf Energy raised $719 million in December last year, wrapping up a year of strong deal flow, particularly from the power sector.
Since then there have been only three small company listings on the main board of Stock Exchange of Thailand SET.
Osotspa's Reg S-only deal features 506.75 million new shares and 97 million existing...
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