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Tesco Fund IPO raises $602 mln

Posted on 05 March 2012

The Tesco Lotus property fund priced its initial public offering at the top end of the price range in Thailand to raise $602 million, making it the country’s largest listing since 2006.
The company, a unit of U.K.-headquartered retailer Tesco PLC, priced its IPO at 10.40 baht (34 U.S. cents) per unit on Saturday, representing a yield of 6.5%, according to people familiar with the deal. The price range for the IPO had been set at 9.65 baht to 10.40 baht. The fund’s shares will start trading in Bangkok in mid-March………………………………………..Full Article: Source


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