SET anticipates volume of IPOs to boost in 2024

SET anticipates volume of IPOs to boost in 2024

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Pakorn Peetathawatchai, president of the Stock Exchange of Thailand. (File picture) The Stock Exchange of Thailand (SET) anticipates more business will float shares on the Thai bourse this year than in 2023 as financialinvestment belief hasactually enhanced. Manpong Senanarong, senior executive vice-president and head of the company and listing department, stated the SET expects more preliminary public offerings (IPOs) in 2024 than the previous year since market belief is muchbetter. Some 43 business haveactually used for IPOs on Thai bourses, makingup 20 preparation to list on the SET, 20 for the Market for Alternative Investment, and 3 intending to raise funds from the start-up LiVE Platform. Mr Manpong decreased to forecast the overall worth of stock fundraising at this phase, however stated the average IPO overall raised everyyear is about UnitedStates$4 billion. Last year, the worth dropped by 30% from 2022, as anumberof business delayed their listing amidst damaging market conditions. SET information suggested IPO concerns amounted to 38.3 billion baht (about $1.1 billion), the seventh-highest in Asia, with 12 business du
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