ThaiBev considering a Singapore IPO of US$10 bil brewery business

Bloomberg
Bloomberg11/29/2019 03:14 PM GMT+08  • 3 min read
ThaiBev considering a Singapore IPO of US$10 bil brewery business
(Nov 29): Thai Beverage is considering an initial public offering of its brewery business in what could be the biggest listing in Singapore in close to a decade, people with knowledge of the matter said. Shares of the company surged.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(Nov 29): Thai Beverage is considering an initial public offering of its brewery business in what could be the biggest listing in Singapore in close to a decade, people with knowledge of the matter said. Shares of the company surged.

The acquisitive drinks maker controlled by Thailand’s richest man is speaking with potential advisers about the listing and may seek to value the unit at as much as US$10 billion ($13.7 billion), according to the people, who asked not to be identified because the information is private.

Shares rose as much as 5.2%, the most in over three months, amid heavy trading volume in Singapore on the news.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now