SCG Chemicals seeking up to US$3 billion in largest Thai IPO, say sources

BANGKOK, May 1 (Bloomberg): SCG Chemicals Pcl, a unit of Siam Cement Pcl, is seeking to raise as much as US$3 billion in what could be Thailand’s largest-ever initial public offering, according to people familiar with the matter.

The chemical company plans to offer as many as 3.85 billion new shares to raise funds for business expansion and debt payment, according to a regulatory filing Wednesday. The filing didn’t give any details on price range or fundraising size.