BANGKOK (Reuters) - Thai power producer Gulf Energy Development Pcl plans to raise up to 24 billion baht ($725.08 million) in an initial public offering (IPO) to help finance investment and repay debt.
The firm will offer up to 533.3 million new shares at a price between 40 baht and 45 baht, which would raise 21.3 billion to 24 billion baht, it said in a filing to the Securities and Exchange Commission on Thursday.
It plans a roadshow to promote the IPO on Nov. 14, it said.
Kasikorn Securities, Bualuang Securities and Siam Commercial Bank are the financial advisers, the company said.
($1 = 33.10 baht)
Reporting by Pilaiporn Promsompan and Wirat Buranakanokthanasan; Writing by Orathai Sriring; Editing by Sunil Nair