Market Insights Financial Corporate Finance

Initial Public Offerings - Thailand

Thailand

The transaction value in the Initial Public Offerings market is projected to reach US$3.15bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2025) of -9.21% resulting in a projected total amount of US$2.86bn by 2025.
The average transaction value in the Initial Public Offerings market amounts to US$88.12m in 2024.
From a global comparison perspective, it is shown that the highest transaction value is reached in China (US$63,330.00m in 2024).

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Currency

Analyst Opinion

The Initial Public Offerings market in Thailand is experiencing a surge in activity, driven by various factors shaping the investment landscape in the country.

Customer preferences: Investors in Thailand are increasingly showing interest in IPOs due to the potential for high returns and diversification of their investment portfolios. The allure of investing in newly listed companies with growth potential is attracting both retail and institutional investors to participate in IPOs.

Trends in the market: One noticeable trend in the Thai IPO market is the rise of technology and digital companies going public. As the country embraces digital transformation, tech firms are seizing the opportunity to tap into the capital markets to fund their expansion plans. This trend reflects a broader global shift towards investing in innovative and disruptive technologies.

Local special circumstances: Thailand's regulatory environment and market conditions play a significant role in shaping the IPO market. The Stock Exchange of Thailand has been proactive in introducing measures to attract more companies to list, such as streamlining the listing process and enhancing corporate governance standards. These efforts have contributed to a more vibrant IPO market in the country.

Underlying macroeconomic factors: The overall economic stability and growth prospects of Thailand are also influencing the IPO market. A favorable economic outlook, coupled with government initiatives to promote investment and entrepreneurship, are creating a conducive environment for companies to go public. Additionally, the increasing integration of Thailand into the global economy is opening up opportunities for companies to access international capital through IPOs.

Methodology

Data coverage:

Figures are based on the revenue generated by the Investment Banking market, as well as the transaction value, the number of transactions, and the average transactions size of the Mergers and Acquisitions (M&As) and Initial Public Offerings (IPOs) markets.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach and are based on a specific rationale for each market. As a basis for evaluating markets, we use market research and analysis, as well as data from annual financial reports. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus, such as GDP, wealth per capita, and total investment (% of GDP). This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita and total investment (% of GDP).

Additional Notes:

The market is updated twice per year in the event that market dynamics change.