# SET emerges as top SEA destination for listings with 27 IPOs scheduled for 2024

- Link: https://www.thailand-business-news.com/set/147759-set-emerges-as-top-sea-destination-for-new-listings-with-27-ipos-scheduled-for-2024
- Published: 2024-06-26T07:22:00+07:00
- Author: J. Allan

The Stock Exchange of Thailand (SET) is positioning itself as one of the largest
stock exchanges for listings in the SEA region. The Thai stock market is expecting
27 initial public offerings, positioning the country as a leading destination for
listings in the region for the foreseeable future.

## **Key Takeaways**

 * The SET is getting ready to proceed with the listing of 27 new companies.
 * Since the beginning of the year 17 companies have already been listed in the 
   SET.
 * The listed firms have collectively raised 15.6 billion baht, achieving a combined
   market capitalization of 65.5 billion baht.

[The Stock Exchange of Thailand (SET) is set to welcome 27 companies](https://www.set.or.th/en/listing/ipo/upcoming-ipo/set)
that are preparing to go public with their IPOs. This development solidifies its
position as one of the largest regional destinations for listings.

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The SET, which experienced a downturn earlier this year, has remained a hotbed for
IPOs, with 17 companies already raising funds and making their market debut.

These firms have collectively raised 15.6 billion baht, achieving a combined market
capitalization of 65.5 billion baht. The performance of these new listings has been
a mixed bag, with the highest return soaring above 200% and the lowest dipping by
23% on their first trading day.

Some of the listed companies were Bangkok Genomics Innovation (BKGI),  Advice IT
Infinite (ADVICE), Conversely, Supreme Distribution (SUPREME), and Thai Credit Bank(
CREDIT)

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The MAI also saw its fair share of action, with 11 companies stepping into the fray
and raising a total of 3.19 billion baht. This move bolstered the secondary bourse’s
market cap by an impressive 11.9 billion baht.

## **The development of the SET in Thailand**

 * **🏢 SET Becomes Leading SEA Destination for Listings** The Stock Exchange of
   Thailand (SET) is expected to see 27 new IPOs scheduled for 2024, making it a
   leading destination for listings in Southeast Asia.
 * **🚀 Increase in IPO Volume Anticipated** SET data indicates that IPO issues 
   amounted to 38.3 billion baht (around $1.1 billion) in 2023, the seventh-highest
   in Asia, with 12 companies in the “new economy” sector. The exchange expects 
   the volume of IPOs to increase further in 2024.
 * **🌍 SET’s Strategic Plan for 2023-2025** SET has unveiled its strategic plan
   for 2023-2025, aiming to bolster the exchange’s position as a leading capital
   market in the region by attracting more listings, including from international
   companies.

The Stock Exchange of Thailand (SET) has demonstrated significant development and
growth, reflecting the resilience and dynamism of Thailand’s capital market. Despite
the challenges of the previous year, the SET has embarked on a journey of recovery,
buoyed by the easing of monetary policies by major central banks and Thailand’s 
robust economic fundamentals in the post-pandemic era.

A strategic plan unveiled by the SET focuses on increasing market confidence, attracting
investments, and developing infrastructure to meet global standards. The plan also
supports Environmental, Social, and Governance (ESG) initiatives and promotes financial
literacy, positioning the SET as a forward-thinking institution committed to sustainable
growth.

The SET has continued to serve as a vital resource center for all financial products
and a fundraising platform for companies seeking sustainable growth. With its strategic
initiatives and favorable economic conditions, the SET is poised to maintain its
trajectory of development and growth throughout 2024.