ThaiBev Is Said to Revive Unit’s $2 Billion Singapore IPO

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ThaiBev Is Said to Revive Unit’s $2 Billion Singapore IPO

Bloomberg2022-02-22

Thai Beverage Pcl is set to revive the initial public offering of its brewery unit in Singapore after shelving the planned first-time share sale twice due to Covid-19, according to people with ...

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LuckyPiggie
·2022-02-23
Sawadeekrap [Cool]
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soapymouse
·2022-02-22
Great news, beer businesses always do well 😝
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newiak
·2022-02-22
Thanks
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SaveHK
·2022-02-22
Why come Singapore IPO?? DEADPOOL😰
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Jontrade
·2022-02-22
Good news. 2nd quarter :)
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TiggerBaby
·2022-02-22
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ThaiBev is still seeking to raise about $2 billion from the brewery business’s IPO, the people said, asking not to be identified as the process is private.Shares in ThaiBev trimmed losses in Singapore after the Bloomberg News report, with the stock down 0.7% after sinking as much as 2.9% earlier in the day.The sale could take place as soon as the second quarter, or ThaiBev’s fiscal third quarter, though the company will have to update the unit’s financial statements with Singapore Exchange Ltd. before the listing can resume, the people said. A share sale could value the brewery arm at about $10 billion, one of the people said.Preparations are ongoing, details such as size and timing could change and there is no certainty that the listing will proceed, the people said. 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A second effort was thwarted by the worst wave of the country’s outbreak, which started in April and prompted closures of bars and nightclubs, the CEO said.Apart from the brewery business, ThaiBev also runs distilleries that produce liquor including SongSam rum, Meridian brandy and Drummer whiskey. 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DEADPOOL😰","listText":"Why come Singapore IPO?? DEADPOOL😰","text":"Why come Singapore IPO?? DEADPOOL😰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097572416","repostId":1114170741,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097576049,"gmtCreate":1645514090640,"gmtModify":1676534035076,"author":{"id":"4092282490520410","authorId":"4092282490520410","name":"Jontrade","avatar":"https://community-static.tradeup.com/news/5767f142105b88991718ef0695bf89df","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Good news. 2nd quarter :)&nbsp;","listText":"Good news. 2nd quarter :)&nbsp;","text":"Good news. 2nd quarter :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097576049","repostId":1114170741,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9097578713,"gmtCreate":1645514063792,"gmtModify":1676534035060,"author":{"id":"4095117092393450","authorId":"4095117092393450","name":"TiggerBaby","avatar":"https://static.tigerbbs.com/92afc92c743cbc82bdc0ccd1a404f3e0","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097578713","repostId":1114170741,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":39,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}