Thai IPOs ready post-coup rally
Saw this snippet on the BKK post the other day, essentially the IPO market in Thailand has been relatively quiet in the past 12 months because of the political problems, but with things calmed down now we have been such a rush of IPOs planning to hit the market, if you want to see a full list of them the SET does have a list of companies/property funds/reits/infrastructure funds on their website. Fun times ahead!
Many of these deals will come this year and while it might be a stretch, the Stock Exchange of Thailand thinks it may even break its 210 billion baht IPO target for 2014.
A further 28 companies, four property funds, one infrastructure fund and three real estate investment trusts are in the bulging IPO pipeline awaiting filing approvals.
Thai investors will buy most of the small deals. But the bigger ones such as Bangkok Airways and Impact Growth Real Estate Investment Trust, each seen valued at 20-30 billion baht, will be marketed internationally, providing a test of how foreigners view post-coup Thailand as a place to invest.
Source: Bangkok Post, SET