Synnex IPO Thailand

The stock markets in the eastern Asia is buzzing with IPO’s. The technology firm, Synnex from Thailand, is all set to come out with an IPO or initial public offering.
Synnex is an affiliate of Taiwan's Synnex Technology

What is the size of the Synnex IPO?
The Synnex IPO from Thailand is expected to raise around 522 million baht ($16 million) from the IPO or initial public offering.

When will the Synnex IPO Thailand open for subscription?
The Synnex IPO from Thailand is expected to open in the next month of June, between 4th and 6th June, 2008.

What is the price of Synnex IPO?
The Synnex IPO shares have been priced at 2.9 baht per share. The indicative price range was 2.9-3.3 baht and hence the shares of Synnex IPO have been priced at the lower side of the price band.

What is the business valuation of Synnex IPO?
Synnex sells computers, software and information technology systems.
T.K.S. Technologies TKS.BK, a Thai digital printing and IT firm, owns 50 percent of the firm, while Synnex Technology, the world's No. 3 electronics distributor, indirectly holds 49 percent via its investment arm King's Eyes Investments Ltd.

What are the shareholding pattern of Synnex IPO from Thailand?
T.K.S.'s holding will be diluted to 35 percent and those of Synnex Technology to 34 percent after the IPO, which would raise Synnex (Thailand)'s registered capital to 705 million baht from 500 million baht, it said.
Synnex (Thailand) plans to sell 180 million new shares, or 25.53 percent, of which 57 million shares are to be offered to T.K.S. Proceeds from the share sale would be used to finance its expansion

Capital Nomura Securities CNS.BK being financial adviser and lead underwriter. Let’s see how this IPO from Synnex Thailand performs in the Italian Markets.

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