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Markets

Thai state-owned fuel retailer looks to raise $1.8bn in IPO

PTTOR float kicks off another promising year for country's stock market

PTTOR operates nearly 2,300 gas stations and also runs cafes and convenience stores.   © Reuters

BANGKOK -- The retail arm of Thailand's state-owned energy giant PTT is going public with a goal of raising 54 billion baht ($1.8 billion), as the domestic IPO market readies for what could be another stellar year.

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