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SCG Packaging plans to raise up to $1.7 billion in Thailand IPO

The company will sell an additional 169 million new shares should a so-called greenshoe option be exercised in full, the filing said

IPO, initial public offering
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Asian IPOs sprung back to life following a slowdown amid the coronavirus outbreak, with a flurry of new listings in Hong Kong and China

Bloomberg
SCG Packaging Pcl, Thailand’s biggest packaging company, plans to raise as much as 39.5 billion baht ($1.27 billion) in the nation’s second-largest initial public offering this year.
 
The unit of Siam Cement Pcl, one of the country’s largest industrial conglomerates, set a price range of 33.50 baht to 35 baht for its 1.13 billion share offering, according to its filing with Securities & Exchange Commission Monday.
 
The company will sell an additional 169 million new shares should a so-called greenshoe option be exercised in full, the filing said. SCG Packaging’s initial share sale is set to be Thailand’s

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First Published: Sep 22 2020 | 1:45 AM IST

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