PTT Oil and Retail Business’s (OR) IPO garnered strong investor demand on its first day of retail subscriptions on Sunday, but many were unable to access distribution channels to purchase the stock due to three bank applications becoming unresponsive following high traffic.
OR and the banks have announced through various channels subscription will continue until 12pm on Feb 2. The company will allot the shares to smaller purchases first, regardless of the subscription date.
Of 3 billion shares, including 390 million shares from overallotment, 600 million shares will be restricted to retail investors.
Ms A, a 49-year-old individual who requested anonymity, said this is her…
