In the past 2-3 years, the trend of Startup and SME businesses has been on the rise, showing a strong potential for rapid growth. This has led many young people, both teenagers and working adults, to dream of becoming business owners, believing that having their own venture is better than working a regular job. Additionally, financial advancement seems more attainable than just sitting in a 9-to-5 job. However, starting a business inherently carries high risks. If there were a capital market where we could invest in new, promising businesses, it would certainly be an interesting option.

What is LIVE?

            “LIVE” is a new electronic network platform serving as a trading market for SME and Startup businesses, operated by Live FinCorp Co., Ltd., with the Stock Exchange of Thailand holding 99.99% of the registered capital. Its purpose is to provide fundraising services in the form of Equity
Crowdfunding and to facilitate securities trading in an Over The Counter manner.

*Equity crowdfunding is a form of public share offering through a website that acts as an intermediary, utilizing
internet technology.
*Over The Counter refers to securities trading where buyers and sellers negotiate prices directly.

 

Characteristics of LIVE

LIVE is distinctly different from the SET and MAI markets as it does not impose any minimum operational status for companies. Investors must independently research and understand the businesses they wish to invest in. The trading system operates on a negotiation basis, so it remains uncertain how accessible this product will be for general retail investors.

 

Which Businesses Can Enter the LIVE Market?

- Legal entities registered under Thai law
- Businesses that are not illegal
- Innovative and creative business ideas that can add value
- Businesses with high growth potential
- Businesses that attract investor interest

 

What Do Participants Gain from LIVE?

Startup/SME Businesses

- Easier access to funding sources to expand operations
- Reduced costs in fundraising and improved financial control measures
- A channel for promoting the company to gain more recognition

Investors

- More investment options
- Easier access to information on Startup/SME businesses
- Increased liquidity in the investment market

 

            TerraBKK believes that the emergence of new capital markets will help expand investment volumes, leading to economic growth in the country. However, investors should thoroughly study the information and risk factors associated with investments, as SMEs and Startups, despite their growth potential, also carry high risks. Currently, the Stock Exchange has not officially announced the launch date for the LIVE market, but it is expected to debut within the year 2017.