The SEC’s proposed SME board is unlikely to facilitate access to capital for startups that are most in need of funding, says Pongnut Thanaboonchai.
Startups are a new breed of businesses that aim to disrupt existing market ecosystems by introducing innovative products and/or services. Once they achieve economies of scale, i.e., breakthroughs, they can play a significant role in shaping a country’s economic prosperity. For this reason, countries have been racing to promote the growth of their startups.
Thailand has joined this group of countries, however, despite numerous government efforts, startups in the country have continued to lag behind those in the rest of the region. One of the primary reasons for this is a lack of access to capital.
Startups in need of capital by way of equity[1] have two options: merge with a conglomerate or go public in an IPO. Due to the…
