SET President Pakorn Peetathawatchai (centre left) and SET senior executive vice-president Manpong Senanarong (third from left) congratulate PTT Oil and Retail Business Plc (OR) on its first trading day. Representing the company is Auttapol Rerkpiboon (centre right), president and chief executive officer of PTT Plc. (Stock Exchange of Thailand photo)
PTT Oil & Retail Business Plc, the retail unit of PTT Plc, jumped in its trading debut after raising about 54 billion baht in the country’s biggest initial public offering in almost a year.
Shares surged 63% to close at 29.25 baht in Bangkok, ranking the debut as the best on record for an IPO raising more than $500 million, according to data compiled by Bloomberg.
The company sold 2.61 billion shares to the public at 18 baht each, the top end of the…
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