SET president Pakorn Peetathawatchai (centre left) and SET senior executive vice-president Manpong Senanarong (third from left) congratulate Kerry Express on its first trading day.
Shares of Kerry Express (KEX) soared on the first day of trading to 73 baht before closing at 51.25 baht, up 83% from the initial public offering price of 28 baht.
The country’s first SET-listed delivery firm plans to allocate 1 billion baht out of the 8.4 billion it raised to expand investments.
KEX shares ended the day at 51.25 baht, in trade worth 25.26 billion baht, breaking all analysts’ forecasts projected along the range of 33-35 baht.
However, KEX’s share price is quite overvalued, said Thanadech…
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