BTS Group eyes $1 billion IPO of Thailand’s first infrastructure fund

The BTS SkyTrain operator’s infrastructure fund is expected to start trading in April, and could open the door for further issuance.

BTS Group eyes $1 billion IPO of Thailand’s first infrastructure fund

Bankers started pre-marketing on Friday for an initial public offering of BTS Group’s infrastructure fund, which is aiming to raise about $1 billion. If successful, it will be the country’s first infrastructure fund, as well as its biggest IPO on record.

According to the current timetable, pre-marketing is expected to continue globally until mid-March, followed by a management roadshow and retail subscription, a source said on Friday. Trading is expected to start sometime in mid-...

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