Thailand is shaping up to be the biggest Southeast Asian initial public offering market this year, with the country’s biggest packaging company kicking off a $1.27 billion offering on Monday.
SCG Packaging Pcl set a price range of 33.50 baht to 35 baht for its 1.13 billion share offering, putting the Siam Cement Pcl unit’s float on course to be Thailand’s second-largest offering this year.