AOT launches pre-marketing

High growth forecasts may drive premium valuation for Thailand''s airport operator.

Pre-marketing began yesterday (Monday) for an IPO by the state-owned Airport Authority of Thailand (AOT). Led by Phatra Securities, with Credit Suisse First Boston and Merrill Lynch as international lead managers, the government will divest up to 30% of the group's issued share capital (including greenshoe) through an all new share deal. There are no other international syndicate members.

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