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Sunday, April 28, 2024

Gable expecting IPO to underpin expansion drive

Mr Chaiyuth said Gable is planning to raise funds through an initial public offering in May this year.

Thai tech enabler Gable is planning to raise funds from the Stock Exchange of Thailand (SET) for future expansion, with the aim of driving the digital transformation market globally.

Chief executive Chaiyuth Chunnahacha said Gable plans to focus on expanding its software platform sector, which is expected to be a main driver of the company’s growth engine in the long term considering the average gross profit margin of 50% recorded between 2020 and 2022.

The company has developed and launched three digital platforms that are run by its units. Each platform offers different services, including big data processing, digital…

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