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.

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 investors say the order book was already covered by domestic institutions before the group embarked on international roadshows. According to a term sheet seen by FinanceAsia, foreign investors will now be offered 72...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222