SCG Chemicals Seeking Up to $3 Billion in Largest Thai IPO, Sources Say
- Firm targets to raise at least $2 billion as soon as this year
- SCG Chemicals’s IPO plan is pending regulatory approval
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SCG Chemicals Pcl, a unit of Siam Cement Pcl, is seeking to raise as much as $3 billion in what could be Thailand’s largest-ever initial public offering, according to people familiar with the matter.
The chemical company plans to offer as many as 3.85 billion new shares to raise funds for business expansion and debt payment, according to a regulatory filing Wednesday. The filing didn’t give any details on price range or fundraising size.