The IPO of BAM shares has received overwhelming response from the public and leading institutional investors at home and abroad, fetching the highest price from the bid price range of Baht 17.50 per share.

Bangkok Commercial Asset Management Plc. (BAM) arranged for subscription for its IPO shares during November 25-29, 2019, which had received overwhelming response from the public and investors despite market fluctuations, thereby suggesting its strong fundamentals and sustainable growth potential. Meanwhile, the bookbuilding of its shares could also attract considerable attention among leading institutional investors in Thailand and overseas and could determine the final offer price of Baht 17.50 per share, which was the highest from the bid price range of Baht 15.50-17.50.
 
Mrs. Tongurai Limpiti, BAM Chairwoman, revealed that BAM shares received positive response and were substantially subscribed to by investors and the public through its sales agents, namely Kasikornbank, Krung Thai Bank and Siam Commercial Bank. This could demonstrate not only investors’ confidence in BAM’s potential as a leader in asset management field with longtime experience of more than two decades, but also their interest in a long-term quality investment. The Company would like to express its gratitude to both retail investors and institutional investors at home and abroad for their trust in BAM’s potential to maintain its leadership in this business and serve as a key mechanism for enhancing the country’s economic and social stability.
 
Mr. Pongsak Phrukpaisal, Managing Director of Kasikorn Securities Plc., said that the offering of IPO shares of BAM will also provide a greenshoe option of not over 230 million shares in order to boost investor confidence after listing on the SET for a period of not more than 30 days.
 
The allotment of shares to the general public will be made by random via computer system of Settrade.com Co., Ltd., a subsidiary of the SET. Names of those allotted the shares will be announced on the website, www.settrade.com, at 6.00 hrs. of December 4, 2019. The number of allotted shares is limited to 1,000,000 shares per subscriber.
Miss Suthang Khonsilpa, Managing Director of Trinity Securities Co., Ltd., said that BAM shares are expected to commence trading on the SET on December 16. BAM is the country’s biggest asset management company to list on the SET, having longer than 20 years of experience in this business with diverse sources of funds and continuous dividend payment over the past three years.

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Remark:
“This document does not constitute an offering of securities in the United States or elsewhere. The securities will not be offered for sale or be sold in the United States without registration or exemption from registration. Bangkok Commercial Asset Management Public Company Limited has no intention to register any part of this offering or offer the securities to the public in general in the United States. Any offering of securities that will take place in the United States will be conducted through a prospectus which may be obtained from the Company and contains information about the Company and its executives and financial statements.
 
This document must not be used as a reference for production of any article for dissemination in the United States.
 
The dissemination of this document may be deemed unlawful in some countries. The document is not allowed to be disseminated in the United States, Australia, Canada or Japan, and the information contained therein does not constitute an offering of securities in those aforementioned countries.”
 
For further information, please contact:
Ogilvy Group Thailand: Ekkapop Phanthurat (Ek), Tel. 089-676-6234
Bangkok Commercial Asset Management Plc.: Ratanon Fukiat, Tel. 02-267-1900 Ext. 2909
 
Remark: This document does not constitute an offering of securities and must not be reproduced, forwarded or disseminated without permission.