Thai Billionaire’s Big C Delays $1 Billion IPO Citing Markets
- CEO told media retailer would dual list in HK and Bangkok
- Delay follows SCG Chemicals IPO postponement on Monday
A Big C Supercenter Pcl sign outside an outlet in Bangkok, Thailand.
Photographer: Brent Lewin/Blomberg
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Big C Retail Corp., a supermarket and convenience store company controlled by Thailand’s richest person, postponed a planned initial public offering, citing market conditions.
The unit of Berli Jucker Pcl, billionaire Charoen Sirivadhanabhakdi’s listed conglomerate, delayed the stock listing after the management considered the interest of shareholders and other stakeholders, Big C Chief Executive Officer Aswin Techajareonvikul said in a statement.