Tesco Plc (TSCO)’s Thai property fund raised 18.4 billion baht ($603 million) in an initial public offering, pricing shares at the top end of its range, Reuters reported, citing people with knowledge of the matter.
The shares were sold at the higher end of an initial price range of 9.65 baht to 10.40 baht apiece, according to Reuters. A call made to Tesco’s media office outside of regular business hours wasn’t answered.
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