Jay Mart sets IPO price at Bt1.80

Chief executive officer Adisak Sukumvitaya said the IPO would be opened for reseravation on June 17-18, 2009 and the stock would be listed on June 25. The company will offer 75 million shares in its IPO, 60 million shares of which will be sold to the general public, 7.5 million to the company's perferred supporter, and 7.5 million shares to executives and employees.

"I'm confident that investors will be interested in Jay Mart stock because we have discounted IPO price by 16 per cent. Besides, the company's policy is to pay dividend two times a year. I also believe that the stock's price will higher than the IPO's price," he said.