[BANGKOK] Thailand' s stock market has experienced a wave of initial public offerings (IPOs) since the military took over the country three months ago, with companies relieved that the political deadlock has ended.

The environment has become far more conducive for firms to raise funds as prospects for the economy are brightening, with growth tipped at 5.5 per cent next year, and the benchmark stock index is trading at 14-month highs having jumped 10 per cent since the coup.

" The more stable political situation is generally good news for companies and investors," said Prasert Patradhilok, president of Advisory Plus, an investment advisor.

" The IPO window is opening and the momentum should continue, until the election risk late next year." The Thai army has promised a general election by late 2015......