Thai Oil IPO: record demand for refiner

Massive order book fuels South East Asia''s largest IPO of the year.
October 13, 2004

Thai Oil generated an enormous $16.5 billion order book for its Bt29.1 billion ($705 million) IPO yesterday (October 13), prompting an allocation nightmare for its six leads - Bualuang Securities, Finasia, JPMorgan, Merrill Lynch, Morgan Stanley, Phatra and SCB.

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