Advance Web Services Public Company Limited (AWS), the first shares to be traded on the Stock Exchange of Thailand (LiVEx), will set the initial public offering (IPO) price at 2.00 baht/share. The subscription will be made between 1-2 and 5 Sept. 65 and is expected to be listed on the LiVEx market on the 9th of the 9th month, the symbol AWS22, and appointed Krungthai X Spring Securities Co., Ltd. (KTX) as its manager. Selling IPO shares
Mr. Wirot Siriratanarak AWS Chief Executive Officer said that the company is a Thai national technology leader in designing and developing Online Platform systems by all in-house teams for more than 15 years to meet customers’ complete Digital Technology needs.
from business experience we are creative digital tools and provide services to entrepreneurs, business organizations, large organizations (Enterprise) and small (SME) in a variety of industries. along with a team of experienced and skilled personnel to jointly develop the system design for entrepreneurs agency or organization Apply innovation and digital technology to optimize work processes to support future growth opportunities under the concept of “SIMPLIFY YOUR BUSINESS”.
With the growth potential of the company has been in a very good direction in the past 2 years, despite the Covid-19 situation. But the performance in 2020-21 has a strong growth rate. Both profit and revenue from sales and services, with a year’s 64 growth from 2020, net profit margin increased to 14.67% from 4.33% and gross profit margin of 35.51%, up from 23.74%. The return on equity was at 15.43. %
Mr. Wirot said that from the past roadshows, there were quite a lot of investors who responded and paid attention. Demonstrate demand to subscribe to AWS22 shares as they are confident that they will generate satisfactory returns. And it will be a quality stock that starts the LiVEx market as the first company. The company has set the number of shares to be offered for sale in the IPO as 40 million new shares, representing 16.67% of the total shares following the issuance and offering of 240 million shares, with a par value of 0.5 baht per share.
The company views that the value of the shares offered for sale at 2.00 baht per share is a level that is appropriate for the company’s fundamentals. For the purpose of raising funds in the IPO, the company will use the money to expand information technology infrastructure. To support the development of various Cloud Service platforms and Network Security System to support the increased service to customers. can provide services to customers easily Convenient, fast and safe, used to develop products and services such as developing Balance Blockchain, , developing a ticketing system on Blockchain (Ticketing on Blockchain) and submitting additional patents. Expand sales and marketing including cooperation with business partners to various areas across the country to increase operational potential and to enable the Company able to grow steadily in the future
The company is confident that the business in the future will be able to expand further. from more working capital The money will be used to expand and expand the Company’s New S-Curve business in the future. This will give the company a stronger financial position. This is to increase business potential to support future growth. and was recognized as the first company listed on the Stock Exchange of Thailand (LiVEx). as well as generating sustainable returns for shareholders.
