True Telecommunications Growth Infrastructure Fund True GIF has launched the management roadshow for its initial public offering and is aiming to start the institutional bookbuilding on Wednesday, subject to a final approval from the Thai regulators.
The fund, which is being set up by Thai telecom operator True Corp, will have a total value of Bt58 billion $1.8 billion and, since the sponsor will subscribe to at least 18%, the maximum deal size targeted to public investors will be about $1.48 billion.
The sponsor may buy as much as one-third of the fund, and sources say it may take up a greater portion either if there is...
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