Soravis Krairiksh, Deputy Manager, Issuer and Marketing Division, The Stock Exchange of Thailand (SET), revealed at the “Meet the Press” event that he is confident the trend for the IPO market in 2026 will improve from this year, which saw 17 companies listed, with a total offering value of approximately 12 billion baht.
He noted that the largest IPOs this year were not as substantial compared to the pre-COVID era or the past. Next year, he expects the number of IPOs listed on the SET will exceed this year, and in terms of value, larger companies are likely to participate—at least 1 to 2 major companies. Currently, one company has already filed its filing and is awaiting the offering, and another is expected to file in the coming year. He hopes next year will mark an uptrend for the IPO market.
Soravis stated that market conditions in Thailand continue to face challenges, as regional competitors such as Hong Kong are actively courting Thai companies and offering higher valuations. He noted that while companies in the past were willing to endure delays, they now have more choices and will opt for markets that offer greater efficiency and convenience.
Regarding efforts to attract businesses within the Office of the Board of Investment (BOI) to list on the Thai stock market, he views this as a segment the SET is encouraging to enhance supply diversity and appeal. However, results may not be immediately visible next year, as the IPO process usually requires at least one year, with some cases taking up to two years or more.
He added that with new projects launched recently, there’s hope that several companies benefiting from tax privileges, such as those linked to the BOI or EEC, will engage further and assess their readiness and value to list on the exchange.
Nonetheless, it is too early to estimate how many companies or the timing of these listings. He believes, though, that with a clear roadmap, momentum will build. The SET also aims to support New Economy businesses in this segment, given the significant number of such companies under the BOI and EEC.
