Thailand's PTTOR aims to raise up to US$1.8bil in IPO

BANGKOK: Thailand's oil and gas company PTT Pcl said on Thursday it had priced an initial public offering (IPO) of shares in its retail unit, PTT Oil and Retail (PTTOR), to raise up to $1.8 billion.

PTT set a preliminary price range for PTTOR shares of between 16 baht to 18 baht, which would raise between 43.2 billion baht to 54 billion baht. ($1.44 billion to $1.80 billion)