JPMorgan expects more Thai IPOs and takeovers

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IPOs will benefit from the stronger baht and a heightened profile for the country as a rebound in international travel accelerates, JPMorgan predicted

Thailand’s currency rally will help reverse a slump in its market for initial public offerings (IPOs) and provide firepower for overseas acquisitions by Thai companies, according to JPMorgan Chase & Co.

IPOs will benefit from prospects of the strong baht and a heightened profile for the country as a rebound in international travel accelerates, JPMorgan country head for Thailand Marco Sucharitkul said.

The currency has strengthened by about 12 percent versus the US dollar over the past six months, with a more than 5 percent jump this…