Thai meat producer Betagro Plc plans to raise about 17.4 billion baht (US$462 million) to fund its business expansion, in what would be the country’s second-largest initial public offering this year.
The company is offering 435 million shares in the Bangkok IPO at 40 baht apiece, it said in a regulatory filing on Tuesday. An over-allotment or greenshoe option will allow Betagro to sell an additional 65 million shares if there’s strong investor demand, it said.
