Thai Life Insurance seeks to raise $1b in July IPO

Thai Life Insurance seeks to raise $1b in July IPO

Stock prices are displayed on an electronic stock board at the Stock Exchange of Thailand (SET) in Bangkok, Thailand, on Friday, June 22, 2018. Photographer: Brent Lewin/Bloomberg

Thai Life Insurance Pcl (TLI) said on Monday it was seeking to raise up to $1 billion in an initial public offering (IPO) next month, pricing shares at 16 baht each in what could be the region’s largest IPO this year.