SEOUL/BANGKOK -- Investors in Thailand and South Korea snapped up shares in newly listed companies on Thursday, driving them sharply higher after keenly anticipated initial public offerings.
Investors in SK Biopharmaceuticals, a drugmaker, and Sri Trang Gloves Thailand, which makes protective gloves, hope both companies can capitalise on demand after the coronavirus pandemic. Their shares rose 160% and 77% respectively above their IPO prices.
