Tesco’s Thai property fund in pre-marketing for IPO

The UK retailer’s Thai unit aims to raise about $450 million from the offering of a property fund, which will be the country’s biggest IPO in nearly six years.

Tesco’s Thai property fund in pre-marketing for IPO

Pre-marketing is underway for an initial public offering of the Tesco Lotus Property Fund, which aims to raise about Bt14 billion $450 million.

If successful, it will be the biggest IPO in Thailand since Rayong Refinery’s $719 million offering in May 2006, according to Dealogic.

Thai property funds are similar to a real estate investment trust Reit and Tesco’s planned IPO will create the biggest retail property fund in Thailand, according...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS