Imminent IPO expected for enabler aCommerce

Southeast Asian e-commerce enabler aCommerce aims to launch its initial public offering (IPO) this year while expanding into Vietnam to capture the burgeoning regional online shopping market, expected to be close to US$130 billion in value by 2025.

“We expect the IPO sometime this year,” said Paul Srivorakul, aCommerce group chief executive. “We have spent nine years growing the business over five countries in Southeast Asia and invested 80 million baht to invest in technological capability.”

The company now has a business presence in Thailand, Indonesia, Malaysia, the Philippines and Singapore.

It has 168 customers, 13 of which are global top-100 brands. In 2021, it handled 8 million order transactions with an end-to-end merchandise value (EMV) of 10.1 billion baht.

Asean’s e-commerce gross merchandise value (GMV) is expected to reach $129.2 billion in 2025 with…