ThaiBev Shares Jump On Brewery Unit’s Revived Singapore IPO
- BeerCo listing could raise from $800 million to $1 billion
- Beverage giant had shelved BeerCo listing plan twice
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Thai Beverage Pcl’s shares jumped as it revived the initial public offering of its brewery unit in Singapore, after shelving the plan twice due to the coronavirus pandemic.
The company intends to resume the listing of BeerCo. and will conduct a public offering of as much as about 20% of the unit, according to a filing to the Singapore exchange on Thursday that confirmed an earlier Bloomberg News report.