Thailand’s Indorama Is Said to Weigh $1 Billion US IPO of Unit

Indorama Ventures Pcl, the acquisitive Thai chemicals company, is considering a US initial public offering of its integrated oxides and derivatives business that could raise about $1 billion, according to people familiar with the matter.

The Bangkok-listed firm is working with financial advisers on the potential share sale, which could take place as soon as this year, the people said, asking not to be identified because the matter is private. The proceeds could help Indorama boost growth as well as reduce debt, the people said.

Considerations are at an early stage and Indorama could decide against pursuing a deal, ...