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Asset World kicks off Thailand’s first major IPO since election

Food and beverage-to-real estate conglomerate TCC seeks $1.36 billion from a listing of its hospitality and retail business. It could be the first of a series of big listings in Thailand following the belated return of democracy in March.

Danny Leung

September 12, 2019

Thai billionaire Charoen Sirivadhanabhakdi is looking to raise as much as Bt42 billion ($1.36 billion) through an initial public offering of its hospitality and retail business amid signs of improved political stability following Thailand's long-delayed general election in March.

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