Thailand: e-logistic developer NETBAY hopes to garner $4.5m from IPO

ThailandDeal Street Asia — Thailand’s integrated e-logistic developer NETBAY is hoping to raise 160 million baht ($4.5 million) from its initial public offering (IPO), after it fixed the issue price at 4 baht each. The company had submitted the first filing to offer 40 million shares, representing 20 per cent of total capital, in the IPO last month. NETBAY’s price per earning is 11.76 times, giving a discount of 37.41 per cent, Netbay CEO Pichit Viwatrujira-pong said.

Thailand: e-logistic developer NETBAY hopes to garner $4.5m from IPO

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