Esso Thailand goes on the road with IPO

The refinery company hopes to raise up to $350 million from its offering, cashing in on investor appetite for yield and the scarcity of Thai IPOs.

Esso Thailand will kick off the Hong Kong portion of its international public offering roadshow today. The third largest refiner in Thailand, which sells refined petroleum products directly to commercial customers and to retail consumers through its network of branded ôEssoö retail service stations, decided to go ahead with the show despite continuing volatility in global equity markets. The offering is expected to price on April 23 and start trading in Bangkok on May 6.

Sole international bookrunner Morgan Stanley...

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