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Saturday, May 4, 2024

Bluebik to launch IPO later this month

Pochara: High growth potential

Bluebik Group, a local tech consulting company, is offering 25 million common shares, representing 25% of the total issued and paid-up shares, in an initial public offering (IPO) in the Market for Alternative Investment at the end of September.

Payupat Mahabhol, managing director for investment banking at Yuanta Securities (Thailand), a lead underwriter for Bluebik’s IPO, said Bluebik shares, with the ticker symbol BBIK, will be open for subscription through Yuanta and Kasikorn Securities, and the brokers’ customers will get priority in share allotments.

Pochara Arayakarnkul, Bluebik’s chief executive, said the IPO was primarily aimed at raising funds for employees’ capability enhancement and building a talent pool, which has been deemed a main driving force for the firm’s…

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