Khao Hoon: PACE delighted with sold out IPO

2 Aug, 2013
PACE Development Corporation Plc. has sold out 600 million new shares from an IPO, thanks to investors’ confidence in its strong fundamentals and the real estate industry’s promising prospects. Underwriters and advisers believe Pace’s IPO price, at 3.50 baht per share, is appropriate and the stock is likely to offer attractive gains to investors. Sorapoj Techakraisri, CEO of PACE Development Corporation Plc, said PACE is Thailand’s leading high-end property developer. The sold-out shares reflected investors’ confidence in the company’s future as it provides projects that answer to the needs of premium customers while the product prices are barely affected by the economic factors.