Ngern Tid Lor

Ngern Tid Lor IPO Lock-Up - A US$660m Overhang. Selldown Is a Question of When, Not If.

Equity Capital Markets
301 Views, 10 May 2022 09:43
EXECUTIVE SUMMARY
  • Ngern Tid Lor (NTL), a financial service provider based in Thailand, raised around US$1bn in its Thailand IPO in May 2021.
  • NTL provides hire purchase loans for motorcycles and cars, along with new and used trucks. It also provides insurance brokerage services through its branches for non-life and life insurance. 
  • The lock-up on its two main shareholders will expire today.
detail (4-minute read)
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Sumeet Singh
Head of Research, IPOs & Placements
Aequitas Research
EquitiesEquity Capital Markets

Head of IPO & Placements for Aequitas Research. At Aequitas we cover all IPOs and placements across Asia-Pac with a deal... 

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