BT80 BN MARKET CAP TARGETED FOR TWO FIRMS IN SHARE SALE
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Two companies planning to sell shares on the Stock Exchange of Thailand (SET) will have a combined market capitalisation of up to Bt80 billion after the deals are completed in the second half of this year, SET’s senior executive vice president and head of the issuer marketing division, Santi Kiranand, said yesterday.
Santi said the SET has maintained its target of securing initial public offerings worth Bt280 billion this year. The first half of this year saw 11 firms raise Bt140 billion from the market.
Santi said one foreign company would raise capital from the market in the second half of this year.
Some 100 firms are preparing applications to list on the SET. The application and approval process takes about two years.
The Thailand Future Fund will delay its plan to raise capital from the SET from the last quarter of this year to the first quarter of the next year due to the time required for the legal process, Santi said.
