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

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