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Tuesday, May 14, 2024

An insurance veteran goes public

Mr Chai says Thai Life Insurance expects to list on the SET in 2022, its 80th year in operation.

After 80 years in business, Thai Life Insurance (TLI), the country’s second largest life insurer, is going public in 2022 to enable sustainable growth through digital transformation, business expansion and improvement of corporate governance.

TLI filed for an initial public offering (IPO) with the Securities and Exchange Commission (SEC) and plans to list on the Stock Exchange of Thailand (SET). It appointed Capital Nomura Securities and Kiatnakin Phatra Securities as financial advisors for the offering.

According to FSS International Investment Advisory research, TLI plans to float 2.207 billion shares, including 850 million new…

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