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Nationwide protests have rocked the government and roiled the economy, but IPOs in Thailand appear to be unscathed by the turmoil. (Source photos by Reuters)
Market Spotlight

Thai protests fail to rattle nation's bizarre IPO boom

Poor politics makes investors think short-term as PM bungles response to demonstrators

MASAYUKI YUDA, Nikkei staff writer | Thailand

BANGKOK -- The packaging arm of Thai chemical giant Siam Cement Group debuted on the Stock Exchange of Thailand on Thursday, raising $1.5 billion.

Investor demand drove shares for SCG Packaging, which plans to use the funds to expand into Southeast Asia, toward the high range of its initial public offering price. Shares rose 6.4% at one point to 37.25 baht from the opening.

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