Thai Life locks in major cornerstone investors for $1b IPO

Thai Life locks in major cornerstone investors for $1b IPO

Stock prices are displayed on an electronic stock board at the Stock Exchange of Thailand (SET) in Bangkok, Thailand, on Friday, June 22, 2018. Photographer: Brent Lewin/Bloomberg

Thai Life Insurance’s initial public offering (IPO), aiming to raise up to $1.04 billion, will be sold to 18 domestic and international cornerstone investors.