SET president Pakorn Peetathawatchai, centre left, congratulates OR on its first trading day.
Shares of PTT Oil and Retail Business Plc (OR) opened for trading at 26.50 baht per share in its debut on Thursday on the Stock Exchange of Thailand (SET), up 47.2% from its initial public offering (IPO) price of 18 baht, before closing at a high of 29.25 baht in trade worth 47.4 billion baht.
OR operates locally and internationally with registered paid-up capital of 116 billion baht, with a par value of 10 baht each.
The company raised 54 billion baht in its IPO in January, ranking as the SET’s largest IPO and the highest among oil companies in Asia since 2007, with total market capitalisation of 209 billion baht.
The company recorded the largest number of retail shareholders among SET-listed companies at…
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