Gulf Energy Development Pcl (GULF), one of Thailand’s top three largest power generators, targets to raise 24 billion baht ($733 million) from selling 533.3 million IPO shares at 45 baht each, making it the country’s largest corporate listing this year.
GULF also marks the fourth IPO in the power sector this year, following TPI Polene Public, WHA Utilities & Power and B.Grimm Power.
