The Nation: PACE sells out 600 million IPO shares ahead of Wednesday debut
2 Aug, 2013
PACE Development Corporation Plc. has sold out 600 million new shares from an IPO, thanks to investors’ confidence in its strong fundamentals and the real estate industry’s promising prospects. Underwriters and advisers believe Pace’s IPO price, at 3.50 baht per share, is appropriate and the stock is likely to offer attractive gains to investors.