In today’s briefing:
- Thai Life Insurance IPO – Can’t Pinpoint the Upside
Thai Life Insurance IPO – Can’t Pinpoint the Upside
- Thai Life Insurance (TLI) is looking to raise up to US$975m in its upcoming Thailand IPO. Cornerstone investors including GIC have taken up around 54% of the deal.
- Thai Life Insurance is one of the largest life insurance companies in Thailand, third by assets. As of Mar 2022, it had 64,000 insurance agents.
- In this note we will talk about the deal dynamics and run the deal through our ECM framework.
Before it’s here, it’s on Smartkarma
