In addition, the company's executives must pass a training course to prepare for listing on the capital market.įor trading criteria, only professional, high net worth or ultra high net worth investors as specified by the SEC are allowed to trade on the exchange. Prospective companies wanting to list must be a medium-sized SME or bigger under the definition of the Office of Small and Medium Enterprises Promotion, or a startup with venture capital or private equity. Mr Prapan said to list on LiVEx, an entity must be a public company that has been granted listing approval from the SEC. Investment in LiVEx requires higher levels of knowledge, experience, financial capacity and risk tolerance, said Mr Manpong. However, requirements for investors have been tightened because investment in small companies and startups is considered riskier than for well-established companies.
For example, the qualification for an issuer and duties after the listing are eased to encourage more SMEs and startups to raise funding via the exchange, he said. Mr Manpong said the listing criteria for LiVEx have been designed to be more lenient than those for the SET and MAI. Three companies in the food and technology industries are already in the pipeline to list on LiVEx, Mr Prapan said. LiVEx has high potential to grow because many SMEs and startups are seeking to raise funds for their business expansion, he said. Listing on LiVEx will provide these companies with greater flexibility and serve as a stepping stone for them to list on larger exchanges such as the SET and Market for Alternative Investment (MAI). Mr Prapan said LiVEx is designed for SMEs and startups that need funds for business expansion but lack the opportunity. Manpong Senanarong, senior executive vice-president of the SET, said the bourse has a strategic plan to connect and enhance funding opportunities across all sectors, in particular increasing access to funding for SMEs and startups through the capital market. Prapan Charoenprawatt was appointed LiVEx president, effective from Tuesday. After receiving approval from the Securities and Exchange Commission (SEC), the regulations become effective on March 31.
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