Potential Listing Requirements for Startups

Abstract

The research of potential listing requirements for startups is made in the objectives of studying the characters of startups such as definitions, businesses plan and their problems over the regulations of permission for the offering the new securities to the public including the registration for becoming the listed company in the Stock Exchange of Thailand as the laws and the qualifications of registration to list the ordinary shares of relevant government authorities are stipulated for large companies merely. This research compares the regulations of Thailand with the foreign regulations regarding an offering the new securities to the public and the registration of becoming the listed company in the overseas stock exchange of startups by selecting the United Kingdom and South Korea because both countries have the regulations which are designed for small companies. In the regulation of both countries, the factors, which have been considered for enacting the listing securities regulations of small companies, are based on the nature and size of small companies and there are experienced advisers who introduce them into public life and stay with them to provide support and advise them during being a listed company. Moreover, these advisors must have obligations to the stock exchange in order to avoid the damaged arisen to investors who hold securities of small companies and startups.

         From studying, the writer has found that the Securities and Exchange Act B.E. 2535 has allowed the relevant government authorities to stipulate the regulations for small companies to offer their shares to the public including the registration of becoming the listed company in the Stock Exchange. Hence, the writer has presented a way to solve the problems for benefits in improving the regulations further.