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Shearman & Sterling Advises On One Of The Largest And Most Complex IPOs Ever In Thailand.

5 February, 2015

 

Shearman & Sterling is representing Morgan Stanley and Bualuang Securities as joint global coordinators in connection with a THB 55bn (USD 1.685bn) initial public offering of investment units of Jasmine Broadband Internet Infrastructure Fund (“JASIF”) and listing on the Stock Exchange of Thailand (“SET”), including an international offering in reliance on Rule 144A and Regulation S. JASIF will be Thailand’s second telecommunications infrastructure fund to be established under Thailand’s recent infrastructure fund regime with Jasmine International Public Company Limited (“Jasmine International PCL”) as its sponsor. The initial public offering is the first major IPO in Thailand this year.

 

The Shearman & Sterling team included partner Matthew Bersani (Hong Kong-Capital Markets).

 

This deal was a complicated transaction involving various complex structuring and disclosure issues relating to the spin-off and subsequent sale-and-lease back of the optical fiber cable assets from the Sponsor’s broadband subsidiary to the Fund.

 

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