Thai Beverage targets Singapore for relaunch of IPO

Dominance in home market seen to make stock a good play on consumption and the Thai economy.
Thai Beverage will today May 8 launch the formal roadshow for its $809 million to $1.12 billion initial public offering that had to be cancelled late last year due to protests by a strong religious lobby - which protested about the listing of a brewing company in the deeply Buddhist country.

The company has abandoned its earlier plans to list in Bangkok and is now looking to go public in Singapore, where investors are said to be welcoming the chance to buy into a strong and somewhat unique Southeast Asian consumption story.

The response to the deal so far is said to be good and according to bankers, the anti-government protests that culminated in an...
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