After the listing, the company must disclose information on the set schedules and under material events.
In addition, executives of such listed company must pass a preparation course for listing on the capital market. Criteria for listing and being listed company – A listed company must be a public company limited allowed by the SEC to launch a public offering, must be an SME with medium size or larger as defined by the Office of SMEs Promotion (OSMEP) or a startup in which a venture capital (VC) or private equity (PE) firm co-invests.Key criteria for the listing and trading in LiVEx are as follows: In addition, LiVEx can also broaden opportunities for investors in the Thai capital market. The new exchange stands ready to push them toward the larger exchanges: SET and mai. LiVEx President Prapan said LiVEx has been designed for SMEs and Startups with inspiration and aspiration to grow but lack opportunities to create growth potential to have access in the capital market with more flexible conditions. Those who are entitled to trade on LiVEx are knowledgeable and sophisticated investors with strong financial position to take risk as defined by the SEC, and specified in SET’s regulatory role under the ‘Light-touch Supervision’ concept,” Manpong said.īesides, the incumbent mai President Prapan will also take office as LiVEx president as he has been instrumental in driving and developing LiVEx from the start. “SET, in the latest development, has issued specific criteria for securities listing and trading on the LiVE Exchange (LiVEx) which are different from those of SET and Market for Alternative Investment (mai) when it comes to the qualifications of securities issuers, post-listing duties, investment models and methods to fit well with qualified investors in the new bourse. Notably, SET has also collaborated with the SEC to develop criteria to enable SMEs and Startups to list and raise fund via the capital market.
SET has already opened the LiVE Platform to share knowledge, increase potential and keep business operators well-prepared via various services including SET e-learning, the Incubation Program and the Acceleration Program. This reflects SET’s vision ‘To Make the Capital Market Work for Everyone’. SET Senior Executive Vice President Manpong Senanarong said that SET has key strategic plans to connect all parties with opportunities, especially optimizing fundraising opportunities through the capital market for SMEs and Startups that play the vital roles in propelling the country’s economic growth.
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