Thai Beverage (ThaiBev) is planning to list its brewery unit on the Singapore Exchange (SGX) as soon as next week or as soon as 2Q2021, according to people familiar with the matter.

The beverage company plans to seek a valuation of some US$10 billion ($13.3 billion) for the unit.

According to Reuters on Jan 14, the IPO was likely to fetch the company some US$2 billion.

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