IPOs & Markets
Thirteen cornerstone investors have subscribed to half of AWC's shares, including Singaporean sovereign wealth fund GIC.
The announcement comes as Thai companies roll out financial services partnerships with e-commerce platforms and ride-hailing services.
Policy & Regulations
Some ride-hailing companies have been operating in Thailand's unregulated market for a few years now.
Siam Commercial will provide lending services to small businesses on Singapore-based Sea's platforms.
The investment would include greenfield and brownfield mergers and acquisitions focusing on bottle-to-bottle recycling.
The plan for listing comes amid intense competition among retailers and online shopping.
This is the largest insurance M&A deal in Southeast Asia.
In March, PTTEP, a unit of the state-owned PTT Pcl, bought Murphy Oil Corp's assets in Malaysia for $2.13 billion.
AWC's IPO could be between $1 billion - $1.5 billion, the biggest in terms of value this year.
The country is expected to see listings from the retail arm of state-owned oil company PTT Pcl and a unit of the country's largest retailer Central Gr
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