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Thailand's Gulf Energy marks market debut with 27.8% jump

Published Wed, Dec 6, 2017 · 09:50 PM
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Bangkok

GULF Energy Development, Thailand's third-largest power producer, made its market debut on Wednesday with shares trading at 27.8 per cent above their initial public offer (IPO), underscoring a rebound in Thai listings after a slump last year.

The IPO was Thailand's largest corporate listing in a decade, raising 24 billion baht (S$992 million) at an IPO price of 45 baht per share.

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