Pre-marketing began yesterday Monday for an IPO by the state-owned Airport Authority of Thailand AOT. Led by Phatra Securities, with Credit Suisse First Boston and Merrill Lynch as international lead managers, the government will divest up to 30% of the group's issued share capital including greenshoe through an all new share deal. There are no other international syndicate members.
Following two weeks of pre-marketing, formal roadshows are scheduled to begin in Bangkok on February 9, with the international portion of the deal slated to price on March 1. This is likely to comprise 40% to 50% of the total offering, with the government initially targeting proceeds of up to Bt15 billion $383...
