Pipeline inspector raising funds via IPO
Dexon Technology, a Thai pipeline inspection company, is planning to expand its business to the US and Europe by using proceeds from its listing on the stock market later this month.
The company appointed Phillip Securities as an underwriter for the offering of 123.18 million shares in its initial public offering (IPO) on the Market for Alternative Investment at the end of March.
The share price is set at 4.50 baht apiece.
Dexon aims to mobilise 120 million baht in funds for expansion in international markets, including the US and the Netherlands.
The company provides pipeline inspection…
