Thai Life shares weak in Southeast Asia's biggest IPO debut this year

Thai Life shares weak in Southeast Asia's biggest IPO debut this year

(Left) Sara Lamsam, Muang Thai Life Assurance’s chief executive and a board of director at Fuchsia Venture Capital; (right) Thanapong Na Ranong, Beacon VC’s managing director. Source: Beacon Venture Capital.

Thai Life Insurance Plc (TLI) shares made a weak debut on the Bangkok stock exchange on Monday in what is Southeast Asia’s largest initial public offering (IPO) so far this year.

TLI stock rose 0.63% at the opening bell but quickly lost ground in line with the market to be flat heading into the afternoon session.

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