Thailand’s Central Retail cuts target IPO price to lower end of initial range

Bangkok, Thailand. Photo: Jakob Owens/unsplash

Thailand’s Central Retail Corp, which is on track for the country’s largest public float, cut the price range for its initial public offering to 40 to 43 baht per share, it said in a filing on Thursday, the lower end of its initial range.

The spread, narrowed from an original 40 to 48 baht per share, suggests the IPO will still raise 67.6 billion baht to 72.7 billion baht ($2.23 billion to 2.39 billion).

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