Thailand’s largest retailer, Central Retail Corporation, plans to raise up to 81.1 billion baht ($2.7 billion) in an initial public offer (IPO), the company said in a filing on Thursday, in what would be the country’s largest IPO.
Central Retail, part of the billionaire Chirativat family’s Central Group, set an IPO price range at between 40 and 48 baht per share and will sell up to 22.1% of the company’s stock or 1.69 billion shares with an overallotment option of 169 million shares.
