The Market for Alternative Investment (MAI) expects many new small and medium-sized enterprises (SMEs) to float shares on the bourse next year before a more stringent listing criteria takes effect in 2024.
Prapan Charoenprawatt, executive vice-president of the Stock Exchange of Thailand (SET), said about 15 companies with a total market capitalisation of 18-20 billion baht are expected to list on the MAI this year.
So far this year, 12 companies have applied to the Securities and Exchange Commission for permission to raise funds through an initial public offering, while eight companies have started trading shares on the MAI.
