SINGAPORE : Two Thai companies aim to raise as much as $2.5 billion combined from initial public offerings on the Bangkok stock exchange, said two people with direct knowledge of the planned listings, which could join a growing pipeline of Southeast Asian IPOs this year.
CPF Global Food Solution, a unit of Thai food conglomerate Charoen Pokphand Foods, is also expected to raise as much as $1.5 billion and debut on the local stock exchange as early as the year-end, they said, declining to be named as the matter is confidential.Both IPOs would solidify Southeast Asia's current status as a global IPO hot spot. Refinitiv data showed the IPO market in Southeast Asia has grown this year, rising 6.9 per cent to $2.66 billion as of mid-June.
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