BANGKOK -- Thailand's TCC Group expects to raise as much as 48 billion baht ($1.57 billion) by listing a real estate subsidiary, in what could be the biggest initial public offering by a company here outside of an investment fund.
The float of Asset World, announced Wednesday, is set to occur as soon as next week . Up to 8 billion new shares will hit the market at 6 baht each, including possible overallotment shares, equating to 25% of the unit.
