Thailand’s bourse plans to launch a new exchange this year dedicated to small and medium enterprises and startups in order to give them greater access to the capital market.
According to Pakorn Peetathawatchai, president of the Stock Exchange of Thailand (SET), 30 SMEs have expressed interest in listing on the new platform, called LiVE Exchange.
Trading will be auction-based, with one round of trading a day and same-day settlement and delivery, he says in a statement on September 14,
Pakorn says the SET and the Securities and Exchange Commission Thailand (SEC) are now formulating regulations for the new exchange.
“The types of investors are restricted to fit well with their risk appetite. Initially, more than 25 securities companies have expressed their interest in participating [in] LiVE Exchange [which is] expected to be launched within 2021,” he says.
Thailand currently has more than 3.1 million SMEs employing 12.7 million people across the country, and they are an important driver of the economy, SEC Secretary-general Ruenvadee Suwanmongkol says in the statement.