Bangkok Life Assurance IPO

There is a new IPO planned by an Insurance firm in Thailand. The IPO is expected in August. The firm which is bringing out the IPO or Initial Public Offering is Bangkok Life Assurance PCL, which is a sister concerned company of Thailand's biggest lender Bangkok Bank.

When is the Bangkok Life Assurance IPO expected to open for subscription/application?
The Bangkok Life Assurance IPO will come to the markets by August, 2008.

What is the price per share of Bangkok Life Assurance IPO?
The Bangkok Life Assurance IPO shares have been priced at the rate of around 5 baht per share. This price estimate is derived from the expected size of the Bangkok Life Assurance IPO and the total number of shares to be sold.

What is the expected size of the Bangkok Life Assurance IPO?
The Bangkok Life Assurance IPO expects to raise around 1 billion baht through the initial public offering.

How many shares will be offered for sale through the Bangkok Life Assurance IPO?
A total of 200 million shares will be offered for sale through the Bangkok Life Assurance IPO.

Where will the capital raised or IPO proceeds be used by Bangkok Life Assurance IPO?
The Bangkok Life Assurance IPO proceeds will be used to fund its expansion plans.
According to a recent filing with Thailand's Securities and Exchange Commission, Bangkok Bank and the founding Sophonpanich family will see their combined holding in Bangkok Life diluted to 39.9 percent after the IPO from a current 47.9 percent.

Japan's biggest insurer, Nippon Life Insurance Co, would also see its holding in the Thai insurer diluted to 20.83 percent from 25 percent now.Let’s see how this Bangkok Life Assurance IPO performs in the markets.

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