Osotspa launches Thailand's first major IPO in 2018

It may not be as famous internationally as Red Bull but energy drinks group Osotspa is Thailand's oldest consumer products company and it plans to raise as much as $460 million.

Thailand’s prolonged drought of initial public offerings is set to come to an end after energy drink manufacturer Osotspa launched a Bt13.3 billion to Bt15 billion $405 million to $460 million deal on Wednesday.

Osotspa will be the first internationally marketed Thai IPO after Gulf Energy raised $719 million in December last year, wrapping up a year of strong deal flow, particularly from the power sector.

Since then there have been only three small company listings on the main board of Stock Exchange of Thailand SET.

Osotspa's Reg S-only deal features 506.75 million new shares and 97 million existing...

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