Jasmine raises 36.7b baht through Internet fund IPO

Bangkok

THAI telecommunications group Jasmine International PCL has raised 36.7 billion baht (S$1.52 billion) through the initial public offering (IPO) of its Internet fund, earmarked for the expansion of its high-speed broadband network.

Jasmine, Thailand's second-largest high-speed Internet provider, confirmed an earlier report by Thomson Reuters publication IFR that it set the IPO price at 10.00 baht …