HBI Deals+Insights / M&A/IPOs

Thonburi Hospital Group goes public in Bangkok, and share price plummets in one week

Thonburi Hospital Group (THG) went public on the Bangkok stock exchange on Thursday, December 7. Market cap when trading opened on the first day suggested it was nearly a US$1bn company (32.3bn baht), but this has dropped to US$808m (26bn baht), at the time of writing, as shares have dropped 28% from the initial offer price. We talk to a source close to THG to find out more.

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