Gunkul PowerGen Plc and IFS Capital (Thailand) Plc have won the Securities and Exchange Commission's approval to launch their initial public offerings in the latter half of this year, said Stock Exchange of Thailand official.
Chanitr Charnchainarong, group head of issuer and listing, said the two companies are considering the right timing for the share offering.
Five more companies have also filed share offering applications to the SEC, while some foreign companies should raise funds in the Thai market under the dual listing scheme in the fourth quarter. On top are at least 4 property funds.
"If the political and economic conditions are favourable, at least 15 companies will be listed this year and this should boost the market capitalisation," he said.