Thai IPOs ready post-coup rally | Bangkok Post: business

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Thai IPOs ready post-coup rally

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Thailand's stock market has experienced a wave of initial public offerings since the military took over the country three months ago, with companies relieved that the political deadlock has ended. 

Adisak Rakariyapong (second from right), CEO of Sappe Plc and Anant Rakariyapong (third from right) chairman of the board, join the company's executives and employees to celebrate the first day trading on the Stock Exchange of Thailand on June 25. Thailand's stock market has experienced a wave of initial public offerings since the military took over the country three months ago, with companies relieved that the political deadlock has ended. (Bangkok Post photo)

The environment has become far more conducive for firms to raise funds as prospects for the economy are brightening, with growth tipped at 5.5% next year, and the benchmark stock index is trading at 14-month highs having jumped 10% since the coup.

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