Bangkok Post – Advice announces imminent listing on Thai bourse

Advice IT Infinite, an IT retailer and wholesaler, will launch its initial public offering (IPO) on the Stock Exchange of Thailand, with the first day of trading scheduled for Jan 31, according to the company’s chief executive Nath Natnithikarat.

The company’s IPO will consist of the sale of up to 170 million shares, representing 27.4% of its total paid-up capital, priced at 3.24 baht per share. It will open for subscription between Jan 22-24, 2024. The company has appointed Asia Plus Securities as lead underwriter.

The company will use the funds raised, estimated at around 500 million baht, to expand its business, including the rollout of additional branches and the renovation of existing branches. An amount would also be used to repay loans to financial institutions and upgrade the company’s IT system.

Mr Nath owns a 37% stake in the company at present, Thai Joint…