Thailand poised to be SE Asia's top IPO market in 2022 as dry winter hits listings

Thailand poised to be SE Asia's top IPO market in 2022 as dry winter hits listings

Stock prices are displayed on an electronic stock board at the Stock Exchange of Thailand (SET) in Bangkok, Thailand, on Friday, June 22, 2018. Photographer: Brent Lewin/Bloomberg

The IPO market in Thailand, which is widely regarded as the most vibrant in Southeast Asia, has hit a speed bump in 2022.

As on November 11 this year, only $2.5 billion was raised from 28 IPOs on Thailand bourses — the Stock Exchange of Thailand (SET) and its secondary bourse the Market for Alternative Investment (mai) — show data from global accounting firm Deloitte.

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