On its first trading day, Veranda Resort Public Company Limited (VRANDA) closed at ฿10.80/share, increased ฿0.80/share or 8% with a trading value of THB 620 million. The share price rose above its IPO price which was at ฿10.00/share.
VRANDA operates hotel and real estate development. There are 6 hotels consist of 5 operating hotels; 1) Veranda Resort Huahin 2) Verande The High Resort Chiangmai 3) So Sofitel Bangkok 4) Veranda Resort Pattaya and 5) Rocky’s Boutique Resort and 1 under construction hotel; Verso Huahin.
Moreover, there are 3 residential projects consist of 2 ready-to-move-in projects; 1) Veranda High Residence Chiangmai and 2) Veranda Residence Pattaya and 1 developing projects; Veranda Residence Huahin.