Bloomberg News

Tesco’s Thai Property Fund IPO Raises $603 Million, Reuters Says

March 03, 2012

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.

To contact the reporter on this story: Zijing Wu in London at zwu17@bloomberg.net

To contact the editor responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net


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