S Hotels and Resorts PCL started on Sept. 23 engaging with investors ahead of a planned IPO, Bloomberg News reported.
Naris Cheyklin, Singha Estate PCL's CEO, said in 2018 the offering of the Thai property developer's hotel arm could raise between US$300 million and US$400 million, according to the news platform.
In June 2018, Singha Estate completed its US$310 million purchase of six Outrigger-branded hotels across four countries, paving way for its planned IPO.
