Thai Oil IPO: record demand for refiner

Massive order book fuels South East Asia''s largest IPO of the year.

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.

If the greenshoe is exercised, the deal will have raised Bt32.5 billion $788 million, making it the largest ever IPO from Thailand and eclipsing that of its own parent PTT, which...

To continue reading, please login or register for free

Click for more on: thai | oil | ipo | record | demand | refiner

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...