Thai Beverage Plc plans to revive its beer business IPO by the third quarter next year, driven by improving global market conditions. The company, led by CEO Thapana Sirivadhanabhakdi, is considering bringing in equity partners for its beer unit, BeerCo. Rising stock markets and lower interest rates have prompted the reconsideration.
Thai Beverage Plc (ThaiBev) is planning to revive the initial public offering (IPO) of its beer business, BeerCo, due to improving global market conditions.
The IPO could happen as early as the third quarter of next year if decisions are made by December.
Thapana Sirivadhanabhakdi, CEO of ThaiBev, reported significant interest from potential partners and ongoing talks with two.
The company previously shelved a plan to raise up to one billion dollars due to weak market conditions, but rising stock markets and lower interest rates have prompted a reconsideration.
Additionally, ThaiBev is exploring options for its spirits business, including a potential IPO in Singapore.