Ananda Development announces its IPO price | Bangkok Post: business

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Ananda Development announces its IPO price

Ananda Development has set its initial public offering price at 4.20 baht per 10-satang-par-value share in a bid to raise 5.6 billion baht.

The company plans to sell 1.33 billion shares in its IPO.

Company president Chanond Ruangkritya said 3 billion baht of the proceeds will be used to refinance a leveraged buyout loan from Krung Thai Bank, 2 billion will be used for business expansion and the rest as working capital.

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