Thai telecoms group Jasmine International will open the books for an initial public offering (IPO) of its Jasmine Broadband Internet Infrastructure Fund worth THB37 billion–THB39 billion (USD1.1 billion–USD1.2 billion) in early February, International Financing Review reports. The listing on the Stock Exchange of Thailand (SET) had been pushed back from December 2014 because of a delay in regulatory approval. The targeted total size of the infrastructure fund is THB55 billion–THB58 billion, with 67% being sold via the IPO at a price range of THB10–THB10.50 per share. SET-listed Jasmine International is the sponsor of the fund and will hold 33.33% of the fund after the IPO. The company’s broadband access network (operated via Triple T Broadband) and fibre-optic transmission cables form part of the fund’s assets. Morgan Stanley is the sole international global co-ordinator and the bookrunner alongside Bualuang Securities.