Thai Life Insurance is planning to sell 2.16 billion shares at a price of 16 baht ($0.45) per paper, according to IPO application, which has been reviewed by The Wall Street Journal. If the greenshoe option is exercised, the company can raise a total of up to $1.05 billion.
Singapore's sovereign wealth fund GIC Pte Ltd., investment companies Oaktree Capital Management and UOB Asset Management are among the key share buyers in the offering.
The funds raised during the IPO will be used to expand the businesses of BofA Securities, Citigroup and Nomura Holdings.
Photos are from open sources.