Despite the Stock Exchange of Thailand (SET) flopping this year, initial public offering (IPO) activities remain lively, with 27 companies preparing to list on the Thai bourse. Amidst a volatile investment environment, this year market regulators have given 27 companies the green light to raise funds through the IPO process and list on either the SET or Market for Alternative Investment (MAI). LIVELY LISTINGS This year 17 companies have mobilised funds through IPOs and listed on Thai stock exchanges.

Among those, the highest return exceeded 200%, while the lowest contracted 23% on the first day of trading, according to the SET. The 17 companies raised a total of 15.6 billion baht from the public, with a combined market capitalisation of 65.

5 billion baht. Of the total, six firms reported negative returns, while 11 generated positive returns from the first day of trading. Six companies were listed on the SET, with total fundraising of 12.

4 billion baht, growing the bourse's market capitalisation by 3.56 billion baht. They are: Supreme Distribution (SUPREME), Neo Corporate (NEO), Bangkok Genomics Innovation (BKGI), NL Development (NL), Thai Credit Bank (CREDIT), and Advice IT Infinite (ADVICE).

Of the six new listings on the SET, four posted positive returns on the first day of trading, with BKGI tallying 170%, followed by ADVICE at 62%. Two new listings recorded negative returns, comprising SUPREME (-11.5%) and CREDIT (-5.

17%). Eleven companies listed on the MAI, mobilising a .