Kesara Manchusree, president of the Stock Exchange of Thailand (fourth from left), hands the "First Trading Day" sign to TPIPP chief executive Prachai Leophairatana. Tisco Securities, TPIPP's lead underwriter for the IPO, blamed the setback on the large number of shares. TPIPP started on a sour note at the opening bell, at 6.85 baht, before closing at 6.70 baht in brisk trade worth 4.82 billion baht. The power producer set its IPO price at the top end of its indicative price range of six to seven baht. TPIPP mobilised 17.5 billion baht from the share sale through the primary market by issuing 2.5 billion shares.

Source: Bangkok Post April 05, 2017 23:37 UTC