BANGKOK — The Stock Exchange of Thailand is putting all its effort into developing new measures to lure listings from “sexy” foreign companies and small- and mid-sized enterprises, aiming to become the leader among Southeast Asian stock markets.
“We would like to have 30 to 50 IPOs at the SET each year, with them raising roughly 250 billion baht ($7.8 billion) per year,” Pakorn Peetathawatchai, the president of the exchange, told Nikkei Asia in an online interview. “We would like to see the same amount of secondary offerings as well,” he added.
The exchange appears to be on track to achieve the target. As of June 28, it had added 15 new listings so far this year, including nine in its “Mai” segment for high-growth and emerging stocks. These companies raised 101 billion baht through their IPOs, adding 341 billion baht to the bourse’s market capitalization.
The exchange has been…
