Betagro shares slide 9% on trading debut
The Thai company processes pork and poultry products
2 November 2022
1 minute read
By: Shares in Thai meat producer Betagro Pcl closed 9% below their offer price on their first trading day on Wednesday, marking a weak start for the country's second-largest listing this year amid concerns over food prices, reported Reuters.
The drop came as the benchmark index fell 0.04%.
The initial public offering (IPO) is Thailand's second-biggest listing of 2022 after Thai Life Insurance's $1 billion listing in July.
