On 26th September 2017, Sermsang Power Corporation Public Company Limited (SSP) trades for the first time in Market for Alternative Investment. SSP’s Initial public offering (IPO) is at 7.70 baht per share and at one point was trading as much as 30% of its IPO price. With 276,375,000 ordinary shares issued, SSP has raised more than two billion baht. SSP will use the fresh fund to invest in its existing portfolio and deleverage through by paying back bank loans.
Led by a new generation of executives, SSP is a leading renewable energy producer and distributor in Asia that are committed to provide a better future and sustainable growth for local communities. Started from a 40-MW solar farm project in 2013, SSP has expanded to investing and developing in numerous solar farms in Thailand and Japan and solar rooftops in Thailand. With a goal of 200 MW by 2020, SSP plans to maximize existing projects’ performances through a discipline and sound framework and is actively looking for new opportunities in solar and other renewable energy projects.
Sermsang Power Corporation Public Company Limited (SSP) filed to go public by the end of 2017 under Market for Alternative Investment. Kasikorn Securities is the financial advisor of SSP. The Securities and Exchange Commission has approved SSP an initial public offering (IPO) of more than 276 million shares. The shared issued will be 30% of SSP’s post IPO paid-up ordinary shares.