Pre-marketing began yesterday (Monday) under the lead management of Credit Suisse First Boston, Lehman Brothers, Merrill Lynch Phatra and SCB Securities. The transaction comprises up to 30% of the company's enlarged share capital in the form of primary shares, with the addition of a a 15% greenshoe of secondary shares to be sold by the Thai government.
Pre-marketing will continue for two weeks and subject to positive feedback, roadshows will begin on October 29, for pricing around November 16 and listing on the Stock Exchange of Thailand (SET) on December 3. An equity valuation of Bt60 billion to Bt100 billion ($1.34 billion to $2.24 billion) has been assigned to the group, meaning that the IPO will raise between Bt20 billion to Bt30 billion ($$559 million to $671 million).
The issue represents the first fully-fledged international IPO for three years
