Thai Life Insurance seeks to raise $1bn in July IPO


Source: nikkei.com nikkei.com

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Thai Life Insurance's planned IPO will be the largest equity offering in Southeast Asia this year. © Reuters June 27, 2022 17:26 JST | Thailand Copy Copied BANGKOK (Reuters) -- Thai Life Insurance (TLI) said on Monday it was seeking to raise up to $1 billion in an initial public offering next month, pricing shares at 16 baht each in what could be the region's largest IPO this year. It aims to raise 34.4 billion baht ($971.20 million) for its first time share sale and up to 37 billion baht ($1.04 billion) if an overallotment option is exercised, TLI said...