Thai Rath: PACE’s Stocks Success

3 Aug, 2013
The IPO subscription was a success as investors had confidence in the company’s growth prospect. The IPO price was also at 3.50 baht a share, a discount of 33% from the target price of 5.20 baht a share. Asia Plus believes PACE will be well-received by investors when it starts trading in the SET on August 7. Sorapoj Techakraisri, CEO of Pace Development, said there is no need to worry that the share price will be below the IPO price. PACE provides only high-end products and demands are coming from those with high purchasing power.