Soaring stock markets in Southeast Asia could get a surge of new listings this year, after a record initial public offering in Thailand rose by more than a fifth in its first day of trading.

The price of units of BTS Rail Mass Transit Growth Infrastructure fund rose as much as 22 percent before closing up 13 percent in the first day of trading. The fund, which is controlled by BTS Group, raised $2.1 billion this month in the largest I.P.O. by a Thai company. It was an exceptional gain for such a large offering, which had already been priced at the top of its marketed range — a good signal for other companies with plans to list in Thailand this year.

Picture: http://www.nationmultimedia.com/business/Investors-flock-to-BTS-funds-IPO;-stock-30204355.html

Read more: http://www.nytimes.com/2013/04/20/business/global/funds-debut-in-thailand-raises-hopes.html?_r=0