TV Direct (TVD), the multichannel direct marketing company, has set its initial public offering share price at 2.10 baht for its 52 million shares, with first-day trade on the Market for Alternative Investment (MAI) scheduled for Aug 23.
The company has increased capital from 159 million baht to 188 million baht with a par value of 0.50 baht each.
TVD will issue 57.92 million new shares, 52 million of which will be offered to the public at 2.10 baht per share and 5.92 million shares offered to directors and employees of the company and affiliated companies at 1.68 baht. The new shares acquired by directors and employees will be subject to a silent period of one year from the first day of trade.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.