Thailand has raised around $3.94 billion through 23 initial public offerings from the start of the year to Nov. 15 — accounting for more than 60% of total funds raised across Southeast Asia, data by Deloitte showed.
Thailand looks set to beat Singapore for the second consecutive year to take the top spot in Southeast Asia's IPO market, according to the data.Attendees wait for Central Retail Corporation to start trading as Thailand's largest IPO ever at the Stock Exchange of Thailand in Bangkok on Feb. 20, 2020.
Thailand recorded 23 IPO launches from the start of the year to Nov. 15 — down from 34 for the whole of 2019, data by Deloitte showed. But funds raised so far in 2020 totaled around $3.94 billion, exceeding last year's roughly $3 billion, according to Deloitte. The consultancy studied IPO trends in six major Southeast Asian stock markets: Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Across Southeast Asia, there were 100 new listings that raised $6.44 billion as of Nov. 15. Both the number of offerings and amount of funds raised were lower than last year's, when 161 IPOs raised $7.34 billion, said Deloitte.
The Land of Smiles has them waiting in the aisles