Thu, Jan 28, 2021 – 4:58 PM
[BANGKOK] Thai Beverage is planning to lodge a filing to list its brewery unit on the Singapore stock exchange as soon as next week, people familiar with the matter said, paving the way for what could be the biggest initial public offering in the city-state in a decade.
The drinks maker plans to seek a valuation of about US$10 billion for the unit, said the people, who asked not to be identified as the information is private. A listing in the Southeast Asian nation could happen as soon as the second quarter, one of the people said.
ThaiBev, controlled by Thailand’s richest man, in 2019 confirmed the company is weighing an IPO of the brewing unit after Bloomberg News reported the listing plan. The firm at that time didn’t provide details such as valuation and listing venue.
The IPO could be the Singapore bourse’s biggest since Hutchison Port Holdings…
