Thai Life Insurance Plc (TLI) said on Monday it was seeking to raise up to 37 billion baht in an initial public offering (IPO) next month, pricing shares at 16 baht each in what could be the region's largest IPO this year.
It aims to raise 34.4 billion baht for its first time share sale and up to 37 billion baht if an overallotment option is exercised, TLI said in a filing.
The IPO would be the largest equity capital market deal in Southeast Asia in 2022, according to Refinitiv data, with just $2.38 billion worth of IPOs in the region so far compared to $6.1 billion at the same stage last year.
