PROPERTY
Ananda's chief explains poor share performance
- Published: 14 Dec 2012 at 00.00
- Newspaper section: Business
Ananda Development (ANAN), the largest initial public offering issuer this year, is blaming the fact that its share price is trading lower than its IPO on miscommunication with retail investors.
Chanond: ‘It’s my own fault’
On its first day of trading last Friday, Ananda shares opened at 4.14 baht or 1.43% less than the IPO price of 4.20 baht and closed at 3.80 baht or 9.52% less than the IPO price in heavy trade worth 2.21 billion baht.
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