SET preparing to open start-up board

MONDAY, FEBRUARY 27, 2017
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SET preparing to open start-up board

The Stock Exchange of Thailand (SET) plans to launch a new board in September targeting startups in a bid to help them get capital accessibility.

The new board, which is being designed as a market place for the startups for fund raising, will apply a different trading-system platform compared to the two existing exchanges – the SET and the Market for Alternative Investment, SET senior executive vice president Santi Kiranand said. 
“We are now working out with relevant agencies to go into the details of the establishment of the new board, which is expected to come out in the first quarter and likely open for trading in the third quarter,” he said.

Conceptually, the new board will be limited to only wealth investors, not retail investors. The requirements for issuers will be very light, with no demand on minimum registered capital and a track record.