Jasmine prices 2015's first big IPO at the bottom

By John Loh
05 Feb 2015

Jasmine Broadband Internet Infrastructure Fund has priced Thailand’s first big IPO of the year — and the Kingdom’s largest listing since December 2013 — at the bottom of the range, raising Bt36.67bn ($1.13bn).

Only six IPOs have raised more than $100m since the start of the year in Asia ex-Japan, all of them on mainland China’s stock exchanges, according to Dealogic.

Jasmine’s listing attracted bids from global and domestic long-only funds, as well as a smaller number of hedge funds, besides ...

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