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Market for Alternative Investment (mai) is committed to being a fundraising venue for small and medium-sized enterprises (SMEs). So far this year nine firms have been listed on mai, six more initial public offerings (IPO) are in the pipeline, meanwhile around 5-10 firms are expected to submit their IPO filings within the rest of this year.
mai President Prapan Charoenprawatt stated, “Evidently, the size of mai-listed firms have been growing over the past three years, as the median paid-up capital of new mai-listed firms was recorded at THB 175 million (approx. USD 5 million), most of them with more than THB 100 million each. There was only one firm having THB 65 million. Significantly, most of them make profit.”
“In 2017, we expect to see around 15-20 firms applying to be listed on mai and we have been working closely with those firms. We are confident that the upcoming amended criteria for the listing of securities on mai would not affect the companies to be listed on mai,” added Prapan.
Both The Stock Exchange of Thailand (SET) and mai have always supported SMEs to grow their business by providing various activities and channels such as consultation to groom firms that plan to be listed on mai via “IPO Focus” event, launching a website for startups: https://new.set.or.th/, offering training, seminars, workshops, as well as various initiative projects through collaboration with government and private sectors.
