Jasmine Broadband Internet Infrastructure Fund Jasif formally launched its Thai initial public offering on Wednesday, nearly one month after it decided to withhold the deal over the Christmas period when market conditions were too soft.
The delay should now play to the telco's advantage with deflationary expectations firmly gaining ground and investors continuing to show interest in yield plays.
As roadshows were completed at the end of last year, the deal has gone straight into bookbuilding mode, with pricing on February 3 and allocations on February 6. Listing is scheduled for February 16.
The Bt36.67 billion to Bt38.5 billion $1.1 billion to $1.2...
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