Stock Exchange of Thailand (SET): Listing Requirements and IPO Guide

Headquarters

Bangkok, Thailand

Region

Asia-Pacific

Market Focus

Mid Cap & Consumer

Overview

The Stock Exchange of Thailand began trading in 1975. Larger companies list on the SET, while mai, the Market for Alternative Investment, serves mid-sized growth companies.

Foreign investors often hold Thai shares through non-voting depositary receipts, which help listed companies stay within limits on foreign ownership.

Known For

Energy, banking, property, tourism and consumer groups
mai for mid-sized companies
Non-voting depositary receipts giving foreign investors economic exposure
LiVE Exchange for small businesses and startups

Listing Considerations

The Securities and Exchange Commission of Thailand is the regulator
Foreign ownership limits apply in some sectors
Strong domestic demand for large consumer names
A regional venue for companies with operations across mainland Southeast Asia

Key Facts

Founded

1975

Operator

The Stock Exchange of Thailand

Regulator

Securities and Exchange Commission, Thailand

Main Index

SET Index, SET50

Currency

Thai baht (THB)

Trading Hours

10:00 a.m. – 12:30 p.m. and 2:30 – 4:30 p.m. Thailand time

Market Segments

SET, mai, LiVE Exchange

Official website →

Listing Requirements

SET: paid-up capital of at least THB 300 million, with profit or market capitalisation tests
At least 1,000 minority shareholders, holding a minimum free float that scales with company size
mai: paid-up capital of at least THB 50 million, for mid-sized companies
LiVE Exchange for SMEs and startups, open to sophisticated investors

Summary of SET listing structure, checked November 2026. Detailed thresholds are set in the SET listing rules.

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Stock Exchange of Thailand (SET)