Bangkok SkyTrain fund to raise up to $1.4 billion from public investors

Cornerstones have already committed to invest at least $818 million in what looks set to become Thailand’s largest IPO ever.
<div style="text-align: left;"> The infrastructure fund is backed by ticket sales on Bangkok’s SkyTrain system </div>
<div style="text-align: left;"> The infrastructure fund is backed by ticket sales on Bangkok’s SkyTrain system </div>
March 18, 2013

The institutional bookbuilding will kick off today for Thailand’s first infrastructure fund IPO, but sources say a large portion of the deal has already been sold to 20 cornerstone investors.

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