A sign at PTT s headquarters on Vibhavadi Rangsit Road. OR shares will be listed on the Stock Exchange of Thailand on Feb 10. WICHAN CHAROENKIATPAKUL
PTT Oil and Retail Business Plc (OR) has priced its initial public offering (IPO) at 16-18 baht, which will be offered to retail investors from Jan 24 to Feb 2 and institutional investors from Feb 3-5, according to the company s filing with the Securities and Exchange Commission (SEC).
For PTT shareholders, subscriptions are available during Jan 25-28.
At the offer price of 16-18 baht per share, the price-to-earnings ratio (P/E) stands at 23.9-26.9 times, relatively lower than other international and domestic companies with similar businesses that have an average P/E of 31.7 times.