Daily News: PACE satisfied with sold out IPO
2 Aug, 2013
Asia Plus Securities, lead underwriter of PACE Development Corporation Plc. (PACE), said investors have subscribed for all 600 million IPO shares issued during July 29-31 as they see the high growth potential in the company. The IPO price also gave them a discount of 33% from the target price of 5.20 baht a share. PACE will begin trading in the SET from August 7. Sorapoj Techakraisri, CEO of PACE Development Corporation Plc., said selling out all IPO shares reflected investors’ confidence in the company’s prospective expansion. The company will spend the proceeds on developing new high-end projects.
