Thailand eyeing to dethrone Singapore as Asian hub for IPOs

Thailand to allow foreign IPOs for the first time.

According to a report by Bloomberg, Thailand will allow initial public offerings of foreign companies for the first time as Asia’s 11th-largest equity market seeks to compete with Hong Kong and Singapore as a regional hub for stock listings.

Several Chinese companies have already expressed interest in selling shares in Thailand, and rules for the offerings will be announced this quarter, Vorapol Socatiyanurak, the secretary general of Thailand’s Securities & Exchange Commission, said in an interview in Bangkok yesterday.

Read full report here.

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