Gulf Energy targets $733m raise in largest Thai corporate IPO this year

Gulf Energy targets $733m raise in largest Thai corporate IPO this year

Photo: Bloomberg

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.

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