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Thursday, May 16, 2024

Bangkok Post – Ascend Money targets Nasdaq listing

Mr Suphachai says listing on the Nasdaq exchange would strengthen the company’s growth. (Photo: Nutthawat Wichieanbut)

Ascend Money, a financial technology firm backed by Charoen Pokphand (CP) Group, aims to list on the Nasdaq stock exchange within two years, Suphachai Chearavanont, the company’s founder and chairman, told the Bangkok Post.

“The listing would strengthen its growth after becoming Thailand’s first fintech unicorn,” Mr Suphachai said.

Ascend Money operates under CP Group’s online business arm, Ascend Group. In September 2021, Ascend Money hit a US$1.5 billion valuation following a $150 million funding…

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