Thailand is known as the champion of IPO fundraising. for a long time and has raised the highest amount of funds in ASEAN for 3 consecutive years (2020-2022), but most recently in 2022, Thailand Lost the fundraising championship to Indonesia. has already been completed, according to information from the Stock Exchange of Thailand has reported raising funds in the primary market through IPOs in 2023, finding that Indonesia Become the champion in 2023
Indonesia has a market capitalization at IPO price of 3,571 million dollars, ranking number 1 in ASEAN, followed by Thailand. Ranked 2nd with a market capitalization at the IPO price of 1,267 million dollars and Malaysia ranked 3rd with a market capitalization at the IPO price of 819 million dollars. The Philippines ranked 4th with a market capitalization at the IPO price of 819 million dollars. Its IPO was $72 million and Vietnam, in fifth place, had a market capitalization at IPO price of $34 million.
Dr. Sornphon Tulyasathien, Deputy Manager, Head of Corporate Strategic Planning Division The Stock Exchange of Thailand revealed to Thairath Money that fundraising in the Thai stock market this year ranked second in ASEAN, which was mainly due to the postponement of IPOs of large companies that were originally expected to raise funds. in 2023, but has been postponed to raise funds in 2024 as a replacement.
“The reason why IPO stocks in 2023 are number 2, we think, is because large stocks have postponed raising funds for many companies to enter IPOs this year. and at the same time Indonesia is very hot. and rose to number 1.”
In this regard, in the past fundraising in 2023, we can see that The beginning of the year to the middle of the year was bustling with companies raising funds. Before encountering uncertainty causing many companies to postpone fundraising But in our corner I don't want to focus on the fundraising value alone. But I would like to consider the number of companies that have raised funds as well. In the past year 2023, there have been more than 40 companies raising funds.
However, from the team's collection ThairathMoney found that in 2023 there were large stocks moving to raise large amounts of capital. It was found that SCG Chemicals Public Company Limited or SCGC, a subsidiary of the Siam Cement Public Company Limited and Big Company group. Sea Retail Corporation Public Company Limited or BRC, modern retail store BIGC, has announced that it has folded plans to raise funds. Giving reasons for the market situation that is not suitable for fundraising.
