# Thai Stock Market Reflects Global IPO Slowdown with Minimal Listings in 2025

- Link: https://www.thailand-business-news.com/markets/208642-thai-stock-market-reflects-global-ipo-slowdown-with-minimal-listings-in-2025
- Published: 2025-11-14T05:02:00+07:00
- Author: Abhishek Prakash

**The U.S. IPO market’s anticipated rebound faltered due to a stock market decline
from Trump‘s tariff policies. Companies are staying private longer, impacting IPO
activity, mirrored by Thai market struggles.**

## IPO Market Challenges

Before global uncertainties affected the market, the U.S. IPO sector was expected
to rebound after years of poor performance, with promising companies preparing for
public offerings. Matt Kennedy of Renaissance Capital anticipated a revival in IPO
activity by 2025. However, the surge faltered due to US President Donald Trump‘s
tariffs, causing a stock market decline. Renaissance analysts now predict only 150
IPOs in 2025, marking a fourth year of decline. Companies stay private longer, supported
by ample private capital. Meanwhile, smaller startups struggle to launch successful
IPOs, according to Jeremy Abelson of Irving Investors.

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## Thai Stock Market IPOs

Economic uncertainty under the Trump administration hampers IPO activity, with volatile
markets complicating public offerings. This situation is echoed in Thailand, where
the mai index saw only three IPOs in 2025. LTMH Public Company debuted at THB 5.00,
ending at THB 4.78. Mother Marketing started at THB 1.40, falling to THB 0.67, while
Pro Inside rose from THB 3.00 to THB 4.08. Bangkok Asset Intergroup is set to enter
at THB 1.80. With global tensions persisting, the IPO slowdown shows no clear end.