Airport Authority IPO set for November

In early August, the last public hearing was successfully concluded in Bangkok as part of preparations for the privatization of the Airports Authority of Thailand (AAT), which is still scheduled to be listed on the Stock Exchange of Thailand (SET) in early November. Back in July, the Thai Cabinet approved AAT's privatization plan that aims to raise up to THB15 billion ($346 million) by selling 30% of its shares to the public via an IPO that is due to take place in late October. Of the 30% stake being offered, approximately 70-80% has been reserved for domestic investors; the remainder will be offered to foreign investors. Converting AAT into a public company with the name Airport (Thailand) Public Company Limited (registered capital: THB16.4 billion) has already been completed.