BANGKOK/SINGAPORE - Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections.
First-time share sales from these companies and others could make it the largest haul for the country in six years, said the sources, who were not authorized to speak to the media. “People are waiting and IPOs will sell,” said Narongchai Akrasanee, chairman of MFC Asset Management. Bankers say 2019 is set to be Thailand’s strongest year for IPOs since 2013, when they raised over $6 billion. In 2018, Thai listings raised $2.5 billion after mopping up $3.8 billion in the previous year, Refinitiv data showed.
Pour some sugar on me.