Asset World eyes up to $1.6b in Thailand's biggest IPO in nearly two decades

Asset World eyes up to $1.6b in Thailand's biggest IPO in nearly two decades

Stock prices are displayed on an electronic stock board at the Stock Exchange of Thailand (SET) in Bangkok, Thailand, on Friday, June 22, 2018. Photographer: Brent Lewin/Bloomberg

Thai billionaire Chareon Sirivadhanabhakdi’s hospitality and retail arm, Asset World Corporation (AWC), aims to raise up to 48 billion baht ($1.6 billion) next month in Thailand’s biggest corporate listing in nearly two decades.

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