Last Minute Buy Almost Buoys TQM to Bounce Back Above Its IPO Price!
TQM's shares have made a great entrance for its first trading day to go above its IPO price at the opening bell, but the negative sentiment in the market has dragged TQM down.
TQM Corporation Public Company Limited (TQM) almost bounces back to its IPO price after a wave of purchasing came in before the market close. TQM closed at ฿22.80/share, dipped ฿0.20 or 0.87% with ฿1.24 billion in value. The share was able to surge above its IPO price to reach the highest of the day at ฿23.80/share, while the lowest of the day was ฿21.00/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.