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Thailand's PTT Oil and Retail makes market debut 50% above IPO price

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BANGKOK (Reuters) - Shares in Thailand s PTT Oil and Retail Business Pcl on Thursday opened nearly 50% above the initial public offer (IPO) price, in one of the country s largest listings this year.
PTT Oil and Retail Business is a unit of state-owned oil and gas giant PTT Pcl and its shares reached nearly 27 baht, or 50% above the top-end of its IPO price of 18 baht, compared with an overall 0.7% decline in the index.
Shares were oversubscribed by many times and above expectations. with over 530,000 retail investors, chief executive Jiraporn Kaosawad said at an event at the Stock Exchange of Thailand. ....

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PTT : and IRPC entered into a strategic cooperation to study on Melt Blown business and Nitrile Butadiene Latex (NBL) business, a Key Component of Medical Devices, Promoting the Better Quality of Life of all Thais

11 January 2021

PTT Group speeds up Life Science business, aiming Thailand as the Medical Hub. PTT Public Company Limited and IRPC Public Company Limited join hands to study on the. | January 15, 2021 ....

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