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BANGKOK: Thai Beverage Pcl is planning to lodge a filing to list its brewery unit on the Singapore stock exchange as soon as this week, people familiar with the matter said, paving the way for what could be the biggest initial public offering (IPO) in the city-state in a decade. The drinks maker plans to seek a valuation of about US$10bil for the unit, said the people, who asked not to be identified as the information is private. A listing in the South-East Asian nation could happen as soon as the second quarter, one of the people said. ThaiBev is working with its appointed advisers toward a possible listing, the company said Thursday in a statement to the Singapore exchange. There is no assurance that any listing will occur, and details remain subject to finalisation, the company wrote. ....
ThaiBev said to be preparing to file for biggest Singapore IPO in years Photo: Radovan / Unsplash January 29, 2021 Bangkok-based beverage group ThaiBev will lodge a filing to list its brewery business on the Singapore Exchange (SGX) as early as next week, the Financial Times reported citing several sources familiar with the matter. The proposed offering could raise about $2 billion and would value ThaiBev’s beer-making unit at up to $10 billion, the report added, making it the largest initial public offering (IPO) in the city-state in at least eight years. Citi, Bank of America, and Morgan Stanley are said to be the IPO’s lead managers, according to reports. ....
(Jan 28): Thai Beverage Pcl 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. ....