I don't know the way Thailand's regulations work, but does anyone know / have a link to how extensive are the financial / operations checks when you are going public?
Here in the US it's actually pretty lax, once you are public you do have more scrutiny but that also depends on a lot of other factors such as where it's being traded.
Pink sheets / OTC don't require nearly as much as other things:
https://www.investopedia.com/terms/p/pinksheets.aspGetting listed in a highly regulated environment does allow them to say 'we are somewhat legit'. But, considering the number of legit places that have imploded due to fraud over the years it does not mean as much as it used to.
-Dave