The Stock Exchange of Thailand and the Singapore Exchange are accelerating rule changes to attract technology companies and new-economy businesses to list, amid an AI wave that is reshaping capital market competition in Southeast Asia. The Stock Exchange of Thailand is preparing to relax the minimum market capitalisation requirement from 7.5 billion baht to 3 to 5 billion baht for main board listings, and to remove the requirement for foreign companies to demonstrate participation in driving the Thai economy. Meanwhile, the Singapore Exchange has set up a Global Listing Board platform with Nasdaq to attract technology companies seeking dual listings, requiring a minimum market capitalisation of at least 2 billion Singapore dollars, and launched Singapore Depository Receipts for investing in SpaceX, Grab, and Sea shares in the first half of this year. In the first half of this year, the Stock Exchange of Thailand had only one IPO, raising 10.4 million dollars, while Singapore had five companies raising 1.05 billion dollars. The Asia-Pacific region had 247 IPOs raising 47 billion dollars. The Singapore Exchange disclosed that around 50 companies are in the IPO preparation stage, and the Stock Exchange of Thailand expects at least 18 new listings this year.
Nasdaq IncNasdaq partners with SGX on Global Listing Board, potentially attracting more listings.
Grab Holdings Ltd
Sea Ltd
