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Asset World kicks off Thailand’s first major IPO since election

Food and beverage-to-real estate conglomerate TCC seeks $1.36 billion from a listing of its hospitality and retail business. It could be the first of a series of big listings in Thailand following the belated return of democracy in March.

Thai billionaire Charoen Sirivadhanabhakdi is looking to raise as much as Bt42 billion ($1.36 billion) through an initial public offering of its hospitality and retail business amid signs of improved political stability following Thailand's long-delayed general election in March.

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