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The Stock Exchange of Thailand (SET), jointly with The Securities and Exchange Commission (SEC), will launch digital listing services (Digital IPO), enabling all new securities (IPO, IFF, REIT, and ETF) to be listed via electronic system, starting from January 25, reiterating the Thai capital market’s role as digital exchange to provide fully integrated and quality services in the digital era.
SET Executive Vice President Supakit Jirapraditkul said that SET and SEC have jointly developed digital listing services for all product classes, including initial public offering (IPO), infrastructure fund (IFF), real estate investment trust (REIT), exchange-traded fund (ETF), through digital listing system from January 25, 2016 onwards. This development has upgraded the listing platform to become modernized in order to enhance service efficiency for the future growth.
“From now on, it is advisable to list securities via digital services. The issuers can submit listing and public offering applications to the SEC and SET through one-stop digital services. This will benefit for newly-listed securities in reducing administrative burdens, enhancing operation effectiveness and raising standard of listing services at international level. To keep all stakeholders well preparation, SET has provided training to financial advisors and asset management firms,” added Supakit.
In 2012, SET launched the digital listing service for derivatives warrants for the first time in the history of the Thai capital market, as such reducing listing process from ten to two trading days. In 2014, SET expanded the digital listing service to new share issues and stock warrants. Thus, this launch will fully cover digital services for all equity products.
