Around 50 companies will have been seeking to list in the first six months of this year, compared to 18 in the same period last year, according to the Stock Exchange of Thailand (SET)'s estimates.
The projection is based on the private sector's fundraising demand despite market volatility over the past few weeks.
The listing process begins with companies transforming themselves into public companies and submitting filings for initial public offering and listing. Regulators then consider approving them. Approved securities are subsequently listed and their stocks begin trade shortly after.
Of the new 50 securities, seven have already listed and traded on the SET and the Market for Alternative Investment (MAI), 26 are seeking listing approvals, and the remaining 17 are expected to submit their filings this quarter, according to SET executive vice-president Chanitr Charnchainarong.
He hopes that seven of the 26 securities pending listing approvals will list on the bourses in the second quarter, leaving 36 in the approval process by the end of June.
Mr Chanitr said most of the 36 securities are engaged in energy (6), property development (5), property funds (4), telecommunication (4) and transport (3).
Even though the SET is maintaining its target of 120 billion baht in combined market capitalisation of the newly listed stocks this year, he is confident that the fundraising size of newly listed securities will exceed the goal.
According to the SET's website, Bangkok Airways, Nok Air, Amata VN, CK Power, and MK Reasturant Group are among large companies seeking listing on the SET.
In 2012, 18 companies listed on the SET and the MAI, raising a combined 52.5 billion in fresh funds from the public.
