Ananda Development eyes Thai IPO of up to $250 million

The founding family of the Thai property developer is aiming to raise the company's free-float to 40% through an offering of new shares.

Ananda Development eyes Thai IPO of up to $250 million

Bankers started investor education yesterday for Ananda Development, a property developer that is aiming to raise $200 million to $250 million from an initial public offering in Thailand. The listing is scheduled for early December.

The deal comes amid a pick-up in IPO activity in Thailand. So far this year there have been 16 IPOs, which have raised a combined $1.39 billion, according to Dealogic. That compares with eight deals that raised a total...

To continue reading, please login or register for free

Click for more on: ipo | property | residential | condominiums | barclays | cimb | bualuang | kt zmico

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 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 ...