Over the past seven years, 149 family businesses have raised over 3.08 trillion baht through initial public offerings, the survey found.
The Stock Exchange of Thailand surveyed 791 listed companies on the main board and the Market for Alternative Investment (MAI). It found:
57% of all listed companies on the Thai bourse are family businesses, accounting for 43% of the total market capitalisation. They span nearly all business categories, but on the MAI the majority are in the food and beverage sector, real-estate development, energy and utilities, commerce, healthcare, and service groups.
As of the end of 2022, the total market capitalisation of registered family businesses amounted to 9.07 trillion baht. When considering the growth of market capitalisation among family businesses from 2017 to 2022, the compound annual growth rate averaged 6.7%. Key factors contributing to this…
