Thai bourse expects IPOs to raise $3.8 bln in 2012

"We have a few in the pipeline that were delayed due to floods and so forth," SET President Charamporn Jotikashira told reporters during a visit to Singapore on Thursday.

Last year, when severe flooding devastated industry from October and depressed the economy, IPOs raised 62 billion baht.

Charamporn added that secondary offerings on the exchange could raise a further 75 billion baht in 2012.

He said that a planned upgrade to its trading platform in July and a link-up with other Southeast Asian exchanges in August should help boost activity as well as broaden its product offering.

"We have a lot of plans to try to bring some international products in to the Stock Exchange of Thailand like Thai DRs (depository receipts), so some of the leading foreign companies will be listed on the exchange," he said.