Stock Exchange of Thailand Forecasts IPO Market Recovery by 2027
The Stock Exchange of Thailand (SET) anticipates a sluggish IPO market for the remainder of 2026, with a projected rebound starting in March 2027.
According to Sorawis Krairiksh, Deputy Manager and Head of Marketing at the Stock Exchange of Thailand (SET), the IPO market is expected to remain quiet for the rest of 2026. Currently, only five companies have listed this year, with one or two more expected to follow. There are 13 additional companies currently under review by the Securities and Exchange Commission (SEC), though their entry into the market depends on their individual readiness.
Looking ahead, the SET projects a more vibrant IPO environment in 2027, particularly following the month of March. This anticipated recovery is linked to the release of 2026 financial reports and ongoing efforts to adjust listing criteria to better accommodate the 'New Economy.'
For residents and investors, this trend suggests a period of consolidation in the Thai capital market. While the current volume of new listings is limited, the potential for a surge in activity by mid-2027—supported by large-cap stocks and funds valued at over 50 billion baht—could signal broader economic shifts. It remains to be confirmed how many of the 13 companies currently under SEC review will successfully meet the requirements to list, and whether the proposed regulatory adjustments will effectively attract the anticipated influx of new market participants.
