Thai Asset World aims to raise up to $1.57 bln in IPO

Thai billionaire Chareon Sirivadhanabhakdi's hospitality and retail arm, Asset World Corporation (AWC), aims to raise up to 48 billion baht ($1.57 billion) in an initial public offering, the company said on Wednesday.

BANGKOK, Sept 11 (Reuters) - Thai billionaire Chareon Sirivadhanabhakdi's hospitality and retail arm, Asset World Corporation (AWC), aims to raise up to 48 billion baht ($1.57 billion) in an initial public offering, the company said on Wednesday.

AWC plans to sell up to 8 billion shares, at 6 baht ($0.1961) per share.

($1 = 30.60 baht)

(Reporting by Satawasin Staporncharnchai and Chayut Setboonsarng Writing by Orathai Sriring Editing by Louise Heavens)

((orathai.sriring@tr.com; +662 6489729; Reuters Messaging: orathai.sriring.thomsonreuters.com@reuters.net))

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