ThaiBev’s Brewery-Unit Spinoff Expects $10Bn IPO Filing in SGX Next Week!

According to Bloomberg, Thailand's largest beverage company Thai Beverage Public Company Limited (ThaiBev) listed on the Singapore Stock Exchange (SGX) is planning to submit an IPO filing to spin off its brewery unit in SGX as soon as next week, said people who are familiar with the matter. 

ThaiBev target to raise fund of about US$10 billion through an initial public offering (IPO), which could mark as the Singapore bourse’s biggest in nearly 10 years since Hutchison Port Holdings Trust raised $5.5 billion in 2011, and it would also give a boost to first-time share sales in the republic, where IPO volumes plunged to $915 million last year, the least since 2015, according to data compiled by Bloomberg.

ThaiBev is best known for its spirits and beer businesses, Chang and in 2006, the company registered to be listed on the Singapore Exchange (SGX). 

However, a listing of brewery-unit spinoff in SGX could happen as soon as the second quarter, said the source close to the matter.