Thailand’s Central Retail said to secure IPO cornerstone investors

The CentralWorld shopping mall, operated by Central Pattana Pcl (CPN), stands illuminated at dusk in Bangkok, Thailand. Photographer: Brent Lewin/Bloomberg

Thailand’s largest retailer, Central Retail Corp, is close to securing cornerstone investors for an initial public offering worth up to $2.7 billion, making it the country’s biggest ever listing, sources with knowledge of the matter said on Wednesday. Controlled by the billionaire Chirathivat family’s Central Group, Central Retail’s IPO is attracting strong interest towards the lower half of the IPO’s indicative price range of 40-48 baht($1.32-$1.59), said the sources, who declined to be identified as they were not authorised to speak to the media.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.