All Inspire Developer sets IPO price ahead of MAI debt
Property firm All Inspire Development Plc (ALL) has set an initial public offering price of Bt4.9 per share ahead of its debut on the Market for Alternative Investment (MAI) on May 8, the company's chief executive officer Thanakorn Thanawarith said yesterday.
The company yesterday appointed Asia Plus Securities Co Ltd as underwriter while Country Group Securities, KGI Securities, and RHB Securities were named co-underwriters for the offering on April 26.
The company will offer 150 million shares at a par value of Bt1 per share or about 26.79 per cent of its register capital of Bt560 million. Proceeds of the IPO will go towards business expansion and partial repayments of debt, Thanakorn said.
