Carabao aims to energise Thai IPO market

Investors hope the flotation of Thai energy drink Carabao will provide the same upside as the recent listings of other domestic drink manufacturers.

 Carabao aims to energise Thai IPO market

International roadshows began in Kuala Lumpur on Tuesday for the Bt6.5 to Bt7 billion $200 million to $210 million initial public offering of Carabao Group, Thailand's second-most popular energy drink.

Under the lead management of CIMB and Kasikorn, roadshows will continue in Singapore on Wednesday and Hong Kong on Thursday ahead of pricing and allocations on November 10.

The 250 million share offering was originally structured as a purely domestic deal and...

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