Better Late Than Never: Thailand Joins Asia's IPO Party

Asia proved to be the global hotbed for public listings in 2009. Chinese and South Korean companies lead the way with 183 and 61 listings, respectively, but nations such as Thailand were left well behind. Despite long being considered the regional laggard, Thailand now seems to have turned the corner by securing its biggest IPO since Rayong Refinery raised THB25.2bn back in 2006. Chemical producer Indorama Ventures 's proposed offerings of 913.4mn shares, from which it hopes to raise as much as THB11.5bnn (US$348mn), should help stir market sentiment in Bangkok.

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