The Stock Exchange of Thailand (SET) has launched a public consultation on proposed revisions to its listing rules, aiming to attract New Economy companies, foreign firms, SMEs, and startups. The initiative reflects SET’s vision of positioning Thailand’s capital market as a “Trusted Gateway to Inclusive Opportunities,” while enhancing competitiveness and investor confidence.
Under the proposed changes, New Economy companies would benefit from lower market capitalization thresholds and reduced revenue track record requirements. Firms promoted by the Board of Investment (BOI) and Eastern Economic Corridor (EEC) would gain access to a special track, while foreign companies would no longer need to demonstrate direct economic contributions to Thailand, such as local manufacturing bases. Secondary listing criteria would also be streamlined for firms from unrecognized jurisdictions, aligning them with those from SEC-recognized countries.
The consultation further addresses shareholder lock-up rules, with silent period requirements being harmonized with international standards. Strategic shareholders would be required to maintain a minimum stake post-IPO, while unprofitable firms in New Economy and infrastructure sectors would see their silent period shortened from three times to twice that of profitable companies.
SET is inviting public feedback until May 8, 2026, through its website and consultation form. The exchange emphasized that the revisions are designed to balance investor protection with market accessibility, ensuring Thailand remains an attractive hub for innovative and globally competitive enterprises.
