August 30, 2022

Betagro reportedly planning US$554 million IPO

Thai integrated food producer Betagro is said to be planning a ฿20 billion (US$554 million) initial public offering, which could be Thailand's second largest public listing this year, Bloomberg reported on August 23.

The report added that Betagro could launch the IPO as early as next month.

The company will offer no more than 500 million of its shares, or a 25% stake, according to an update from the Stock Exchange of Thailand's (SET) website.

Kiatnakin Phatra Securities and Bualuang Securities are financial advisors to Betagro for the IPO.

Betagro had total assets of ฿58.15 billion (US$1.6 billion) as of June 30, 2022.

- DealStreetAsia