Thailand to Dominate 2020 Southeast Asia’s IPO Market, Funds Raise Nearly $4Bn
Thailand to Dominate 2020 Southeast Asia’s IPO Market, Funds Raise Nearly $4Bn
Thailand to Dominate 2020 Southeast Asia’s IPO Market, Funds Raise Nearly $4Bn
1 ธ.ค. 2563

Thailand is set to dominate Southeast Asia’s IPO market this year, accounting for more than 60% of total funds raised across the region, said the data by audit and consulting firm, Deloitte.
 
From the beginning of 2020 till Nov 15, there were 100 IPO launches in six major regional stock markets including Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, with the funds raised so far totaling $6.44 billion.
 
Thailand recorded 23 new listings with funds raised totaled around $3.94 billion, contributing more than 60% of total funds raised, beating Singapore to take the top spot in regional IPO market, despite the economy is one of the region’s worst hit by the Covid-19 pandemic
 
As heavily dependent on the tourism industry, the International Monetary Fund (IMF) was once projected Thailand’s GDP could contract by 7.1% in 2020. 
 
Thailand largest retail operator Central Retail Corporation Public Company Limited (CRC), which listed on the Stock Exchange of Thailand (SET) in February, 2020, has set the new  record for highest initial public offering in the history, raising over $2 billion. 