Deals
Bangkok SkyTrain-Backed Fund Raises $2.1 Billion in IPO
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A fund backed by Bangkok’s SkyTrain raised about 62.5 billion baht ($2.1 billion) in Thailand’s biggest initial public offering.
BTS Rail Mass Transit Growth Infrastructure Fund sold 5.79 billion units at 10.8 baht apiece, BTS Group Holdings Pcl said today. The units were marketed at between 10.4 baht and 10.8 baht, according to a March 15 filing. The fund will buy rights to fare revenue from the SkyTrain, an elevated network that runs through central Bangkok.