TQM Drops on the First Trading Day after a Surge above IPO Price at Opening Bell
December 20, 2018 is the first trading day of TQM. The share breaks the IPO curse that sends a series of IPO shares to plunge at the opening bell.
TQM Corporation Public Company Limited (TQM) opens its first trading day in SET by rising ฿0.30 or 1.30% to ฿23.30/share from its IPO at ฿23.00/share with ฿188 million in value.
At 10:17, the share is unable to withstand the pressure of the current situation in the market and sinks ฿0.20 or 0.87% to ฿22.80/share.
TQM is a holding company by holding shares in insurance brokerage companies. The core company namely TQM Insurance Broker Company Limited (TQM Broker) operates non-life insurance broker business.
