ThaiBev to Revive Unit’s $2 Billion Singapore IPO, Sources Say
- Beverage giant tapping investors for unit’s third IPO attempt
- Share sale could take place as early as second quarter
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Thai Beverage Pcl is set to revive the initial public offering of its brewery unit in Singapore after shelving the planned first-time share sale twice due to Covid-19, according to people with knowledge of the matter.
The maker of Chang beer, controlled by Thailand’s richest man Charoen Sirivadhanabhakdi, is working with financial advisers to gauge investors’ interest in BeerCo Ltd., said the people. ThaiBev is still seeking to raise about $2 billion from the brewery business’s IPO, the people said, asking not to be identified as the process is private.