TBN shares surge 144% on MAI debut, SET issues cautionary note

The Market for Alternative Investment (MAI) saw the debut of TBN Corporation shares on Monday, leading the Stock Exchange of Thailand (SET) to issue a cautionary note to investors in light of high trading speculation.

Yesterday morning, TBN shares experienced a trading turnover ratio of 85%, reaching 41.5 baht by midday. The 144% increase was up from the initial public offering (IPO) price of 17 baht and resulted in a trading value of 3.59 billion baht. TBN, a technology group, saw its shares surge to 42.5 baht during Monday’s debut session, ending with a trading value of 2.6 billion baht.

A SET statement highlighted seven “big lot” sell orders involving 9.5 million shares from existing shareholders, priced at 20.75 baht each. With this information, the SET advised investors to consider all aspects before trading TBN shares and requested brokers to…