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Mr. Kittiratt Na-Ranong, SET President, revealed that this is the first time ever that SET and SETTRADE.Com have jointly developed "SETTRADE IPO" for public companies' IPO. The new feature will revamp the method how the general public can subscribe shares. Not only convenient, fast and effective, Mr. Kittiratt said the new feature also saves cost. He said the first company scheduled to offer on the Internet in early November is Internet Thailand PCL.
"The introduction of the SETTRADE IPO to facilitate trading of IPO stocks is part of our commitment to reduce issuers' burden and facilitate the investors. For the issuer, the on-line share subscription gets rid of the need to find a location to accommodate the public, the need to print booking forms, man power and so on that cost money. For the public, they can make their lives a lot easier without long waiting and finishing documentation," Mr. Kittiratt said.
"Moreover, the public can make an online advance registration via the Internet. The new feature will also prepared for and effectively handle further state enterprises' stock trading which is nationwide and vast," he said.
Mr. Somkid Jiranantarat, Managing Director of SETTRADE.Com Limited said the Company is attempting to encourage more Internet activities among the general public because of its convenience and the Company's comprehensive facilities and expertise.
The new feature, SETTRADE IPO is the Company's new service aimed at the facilitating IPO trading.
"The interested parties can simply go to www.settrade.com and receive registration confirmation code for the future transactions. The persons registering in advance will receive information of any listed companies scheduled to launch IPO through SETTRADE IPO System," said Somkid.
"When it comes to the booking day, the interested parties can only fill in name and pass to select the stocks of choices and number of the stocks. Confirmation can later be done using mobile phone or email. All information will be kept highly confidential," said Mr. Somkid.
The prospective IPO users will receive the company prospectus and terms and conditions before booking. Care must be taken before any decisions made.
Interested parties can register in advance at www.settrade.com or www.set.or.th
