TFM Opens 24% Higher on Its First Trading Day, with a ฿3.14Bn in Value

TFM rose as much as 24% from the IPO price at the open on the first trading day in SET Index

The share price of  Thai Union Feedmill Public Company Limited (TFM) rose as much as 24% to ฿16.80/share at the open on the first trading day in the Stock Exchange of Thailand (SET) Index on October 29, 2021. 

As of 11:17 local time in Thailand, TFM’s share was traded at ฿15.90/share, an increase of ฿2.40/share or 17.78%, with a trading value of 3,140 million baht.

TFM produces and distributes economical animal feeds. The company’s main products are shrimp feed, fish feed, and livestock feed. 

The company announced to raise 1.48 billion baht from the initial public offering (IPO). The IPO price is set at ฿13.50/share. A total of 109.3 million shares will be offered with issuance of 90 million additional shares. Thai Union Group will offer 19.3 million existing shares.

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