BANGKOK -- Thailand's first major IPO amid the pandemic brought in 14.9 billion baht ($482 million) for the kingdom's largest maker of medical gloves, Sri Trang Gloves Thailand. The timing helped, with personal protective equipment in high demand due to the ongoing pandemic.
The subscription period for the 438.78 million new shares, priced at the top of a marketed range of 32-34 baht apiece, closed Thursday. The shares are expected to make their debut on the local stock market on July 2.
