Thai Beverage Public Company Limited (SGX:Y92) has revived plans to list regional beer assets through a Singapore initial public offering (IPO) that could raise about $2 billion, people familiar with the matter told Reuters. The company is preparing to list as early as the first half of 2021 but it could spill into the second, the people said. The listed entity is likely to house Thai Beverage’s beer assets in its main markets of Thailand and Vietnam, said the people, who declined to be identified as they were not authorised to speak to the media. Thai Beverage, controlled by billionaire Charoen Sirivadhanabhakdi, did not respond to a request for comment. Thai Beverage initially targeted a mid-2020 listing but shelved the plan due to the COVID-19 pandemic as countries imposed restrictions on movement.