An infrastructure fund backed by revenues from the BTS SkyTrain has raised 62.5 billion baht in the biggest initial public offering in Thai history.
The BTS Rail Mass Transit Growth Infrastructure Fund is also the third largest IPO to take place worldwide this year.
The fund sold 5.79 billion units at 10.80 baht apiece, said Keeree Kanjanapas, chairman of BTS Group Holdings Plc. The price was at the top end of the range of 10.40 to 10.80 baht that underwriters had set earlier, reflecting heavy investor demand despite volatile markets in recent weeks.
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