Thailand

There is nothing better than lounging by the sea with a refreshing cocktail in one hand and a good book in the other — a perfect antidote to all the stress that comes from working in the banking industry.

B. Grimm Power Public, the power unit of B. Grimm Group, announced a price range on Tuesday for its up to Bt11.8bn ($350m) IPO on the Stock Exchange of Thailand.

Thailand’s Buriram Sugar has filed for an infrastructure fund listing that could raise $150m, according to sources close to the deal.

State-owned Vietnam National Shipping Lines is preparing to launch an IPO by the end of 2017, according to an announcement on its website.

Thailand’s B. Grimm Power is likely to launch its $350m-$400m IPO in May due to logistical delays, according to bankers on the trade.

WHA Utilities and Power has raised Bt6.0bn ($174m) from its IPO, taking advantage of a flood of domestic demand to price at the top of guidance.

TPI Polene Power priced its Bt17.5bn ($500m) listing in Thailand at the top end of guidance as investors swarmed in, with the hefty demand proving a challenge during allocation.

Thailand’s first IPO of the year is bound for a strong finish, with the leads on TPI Polene Power guiding investors to the top of the price range.

Eco World International priced Malaysia’s largest IPO so far this year to raise MR2.6bn ($578.5m) on Tuesday, in a deal that saw domestic investors piling in.

WHA Utilities and Power’s Bt6.02bn ($173m) IPO is being pitched as a different kind of utility stock, offering a rare growth story instead of the usual defensive angle, according to bankers.

Thailand’s ECM market is heating up with yet another IPO set to launch this week, as WHA Utilities and Power starts bookbuilding on Tuesday.

Pre-marketing for Asian IPOs picked up in earnest on Monday, with Guotai Junan Securities Co’s $2bn listing in Hong Kong among those vying for investor attention.