Reference
·Primary source
mai (Market for Alternative Investment) — total listed companies
~200+ companies
The mai board, Thailand's alternative equity market for smaller companies, has grown to list over 200 companies across healthcare, agribusiness, technology, industrial, and consumer sectors. Listing requirements on mai are lighter than the SET main board — lower minimum paid-up capital and shorter operating-history thresholds — making it the entry route for most Thai SME IPOs. Mai companies benefit from the same SET trading infrastructure and investor base, though liquidity is lower and bid-ask spreads wider than main-board stocks. Several mai-listed companies have subsequently transferred to the main SET board after meeting the higher listing criteria (a 'migration' pathway). The SEC has been promoting mai as a capital-formation vehicle for family-owned businesses in line with Thailand's capital-market development master plan.
Figure in context
The mai board, Thailand's alternative equity market for smaller companies, has grown to list over 200 companies across healthcare, agribusiness, technology, industrial, and consumer sectors. Listing requirements on mai are lighter than the SET main board — lower minimum paid-up capital and shorter operating-history thresholds — making it the entry route for most Thai SME IPOs. Mai companies benefit from the same SET trading infrastructure and investor base, though liquidity is lower and bid-ask spreads wider than main-board stocks. Several mai-listed companies have subsequently transferred to the main SET board after meeting the higher listing criteria (a 'migration' pathway). The SEC has been promoting mai as a capital-formation vehicle for family-owned businesses in line with Thailand's capital-market development master plan.
The mai board, Thailand's alternative equity market for smaller companies, has grown to list over 200 companies across healthcare, agribusiness, technology, industrial, and consumer sectors. Listing requirements on mai are lighter than the SET main board — lower minimum paid-up capital and shorter operating-history thresholds — making it the entry route for most Thai SME IPOs. Mai companies benefit from the same SET trading infrastructure and investor base, though liquidity is lower and bid-ask spreads wider than main-board stocks. Several mai-listed companies have subsequently transferred to the main SET board after meeting the higher listing criteria (a 'migration' pathway). The SEC has been promoting mai as a capital-formation vehicle for family-owned businesses in line with Thailand's capital-market development master plan.
Time scope
FY2024
Source basis
Primary source
Interpretation notes
What this tells you
The mai board, Thailand's alternative equity market for smaller companies, has grown to list over 200 companies across healthcare, agribusiness, technology, industrial, and consumer sectors. Listing requirements on mai are lighter than the SET main board — lower minimum paid-up capital and shorter operating-history thresholds — making it the entry route for most Thai SME IPOs. Mai companies benefit from the same SET trading infrastructure and investor base, though liquidity is lower and bid-ask spreads wider than main-board stocks. Several mai-listed companies have subsequently transferred to the main SET board after meeting the higher listing criteria (a 'migration' pathway). The SEC has been promoting mai as a capital-formation vehicle for family-owned businesses in line with Thailand's capital-market development master plan.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
Related figures
Adjacent numbers that add context without drowning the value.
Stock Exchange of Thailand — total market capitalisation
Stock Exchange of Thailand, SEC Thailand annual report
Top-3 Thai securities brokers — combined market-share of equity turnover
Association of Securities Companies, SET monthly turnover statistics
SET and mai IPO fundraising — annual total
SEC Thailand IPO approval registry, SET Listed Company statistics
Foreign investor ownership of SET free float
SET investor-type statistics, Bank of Thailand capital-flow data
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.