More than US$3 billion was raised from initial public offerings (IPOs) on Thailand's bourses in 2022, the highest IPO value in Southeast Asia as regional fundraising dropped by nearly half from the previous year, according to a new study.
Last year the Stock Exchange of Thailand (SET) raised a total of $3.6 billion, on par with the pre-pandemic years of 2017 and 2019, according to the "Southeast Asia IPO Capital Market" report by Deloitte.
Following the country's reopening and relaxation of Covid restrictions, 90% of the total amount came from the second half of 2022, the report noted.
