Healthlead (HL) IPO Price Set at THB9.80, Available for Subscription on Nov 25-29

Healthlead Public Company Limited (HL), a holding company that invests in pharmacies, cosmeceuticals, and dietary supplements, as well as develops, manufactures, and distributes health products and innovations, announced the issuance of an initial public offering (IPO) of 72 million shares, or 26.47% of total issued shares.

The initial public offering (IPO) pricing is set at THB 9.80 per share, with a par value of THB 0.50 per share, which will be available for subscription on November 25-26 and 29, 2021.

The company intends to use the proceeds from the IPO to expand its businesses and also as working capital for future store expansions, with an annual goal of opening 4-5 new branches.