Pair in rush to IPO

摘要

Two Thai companies are poised to launch share offerings totalling US$1.2bn, in a bid to take advantage of the strong local demand that has supported recent transactions. Jasmine broadband internet growth infrastructure fund plans to start pre-marketing its IPO of up to US$1bn earlier than expected in early November, while energy drink maker carabao group plans to launch its US$210m flotation this week. The US$1.2bn total is huge, compared with the US$3.7bn of Thai ECM issuance so far this year, according to Thomson Reuters data. But issuers and bankers believe upbeat domestic demand could be enough to clear the deals, and may even draw international investors to the transactions.