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Thai grocery retailer Big C eyes $500 million IPO

(Source: Big C)

Supermarkets and convenience stores operator, Big C Supercenter, is planning to go public again in Thailand – five years after being delisted – according to Bloomberg. 

A source told the publication that the Bangkok-based company could raise more than US$500 million and the public listing could take place as soon as next year.

In response to the report, Big C Supercentre’s parent company, Berli Jucker, said no conclusion has been reached on the matter at present. 

“If there is any clear progress on this matter, the company will notify the Stock Exchange of Thailand with details,” the company said in a statement.  

Founded in 1993 by Thail retail conglomerate Central Group, Big C made its IPO debut in 2012, raising about $112 million before Berli Jucker bought out its Thai business and took it private in 2017. 

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