Thansettakit: PACE fundraising 600 million shares

18 July, 2013
PACE Development Corporation Plc. (PACE) is ready to issue IPO of 600 million shares this July. Sorapoj Techakraisri, CEO of PACE Development Corporation Plc, said the company will list on the Stock Exchange of Thailand around late July or early August. The proceeds from the IPO will be used to finance its new high-end development projects in prime locations. Analysts said the appropriate price for PACE will be around 4.28-5.52 baht a share.