Thailand's Central Retail said to secure IPO cornerstone investors

Thailand’s largest retailer, Central Retail Corp, is close to securing cornerstone investors for an initial public offering worth up to $2.7 billion, making it the country’s biggest ever listing, sources with knowledge of the matter said on Wednesday. Controlled by the billionaire Chirathivat family’s Central Group, Central Retail’s IPO is attracting strong interest towards the lower half of the IPO’s indicative price range of 40-48 baht($1.32-$1.59), said the sources, who declined to be identified as they were not authorised to speak to the media.