Kerry Express plans expansion on IPO expectations
SET debut projected to rake in B8.4bn
Kerry Express (KEX), Thailand’s first delivery company to be listed on the SET, is expected to raise capital of 8.4 billion baht from offering 300 shares at an IPO price of 28 baht, which are scheduled to be traded on Christmas Eve.
Proceeds from the IPO are allotted to fund business expansion and paying off debts, said Prasert Tantayawit, managing director for investment banking at Maybank Kim Eng Securities Thailand.
KEX will likely make the SET 50 by mid-2021, said Veena Lertnimitr, executive vice-president for investment banking function at SCB Securities.
The IPO market…
