CRC prices IPO with eye on uncertaintyCentral Retail Corporation Plc held its IPO launch on Jan 17 in Bangkok. CRC is reportedly raising funds worth 78.1 billion baht after setting the IPO price at 42 baht per share for no more than 1.69 billion IPO shares and an over-allotment option of 169 million shares. Some 562.28 million shares, or 52.2% of total IPO shares, were offered to domestic investors, while 514.1 million were offered to foreign investors. This excludes 783.7 million shares offered to ROBINS shareholders and the over-allotment option shares. Members of the public will own either 17.4% or 15% of total CRC shares based on whether the over-allotment option is fully exercised or not.
Source: Bangkok Post February 19, 2020 22:07 UTC