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Thailand ranks No.2 among Asian IPOs

Thailand ranks No.2 among Asian IPOs

Total offerings worth B159bn as of Dec 25

Central Retail Corp (CRC) executives pose for a group photo at a press conference for the company’s initial public offering on Jan 17, 2020. (Bangkok Post file photo)

Thailand grabbed the No.2 spot for initial public offerings (IPOs) in Asia in 2020, raising US$4.96 billion in total, behind only China if excluding cross-listed shares from other bourses such as infrastructure funds (IFFs) and real estate investment trusts (REITs).

The number of IPO launches from the start of the year to Dec 25 stood at 26 deals, excluding IFFs and REITS, below the 28 recorded last year, said Soraphol Tulayasathien, senior executive-vice president of the Stock Exchange of Thailand (SET).

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