Jasmine prices IPO at bottom of the range

One of Thailand's largest IPOs is fixed at the bottom of its price range, offering a big yield pick-up for investors.

Jasmine prices IPO at bottom of the range

Jasmine Broadband Internet Infrastructure Fund Jasif has priced its Thai initial public offering at the bottom of its indicative range, offering a big pick up to comparables and Thai sovereign bonds.

The 3.66 billion share deal was priced at Wednesday's open at Bt10, raising proceeds of Bt36.67 billion $1.1 billion. Allocations for the Morgan Stanley- and Bualuang-led offering were also being completed on Wednesday, with a likely 5050 split between domestic and international...

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