PACO Jumps 150% ATO on the First Trading Day as a Manufacturer of A/C Auto Parts

The share price of President Automobile Industries Public Company Limited (PACO) rose ฿2.10/share or 150% to ฿3.50/share at the open on its first trading day in the Market for Alternative Investment (mai) on March 22, 2021 with an IPO of ฿1.40/share.

 

The highest price as of 10:10 local time in Thailand was ฿4.20/share.

 

PACO is the manufacturer and distributor of automotive air conditioning parts for domestic and foreign customers in the replacement market.