LiVEx welcomes LEOWD24, starting trading on September 9th

Leowood Public Company Limited, which operates as an import agent, distributor and installation service provider for prefabricated wood flooring construction materials, is ready to be traded on the LiVE Exchange (LiVEx) on 9 September with a market capitalization at the IPO price of 642 million baht, using the abbreviation 'LEOWD24'. Mr. Prapan Charoenprawat, Managing Director of the Stock Exchange of Thailand (LiVEx), revealed that LiVEx is pleased to welcome LEOWD24 to list and start trading on LiVEx on September 9, 2024. It is one of the companies that has been prepared through the LiVE Platform, which provides knowledge, increases potential and creates readiness for entrepreneurs. LEOWD24 is an importer, distributor and installation service provider for prefabricated wood flooring construction materials, including SPC flooring, engineered wood flooring, laminate flooring and balcony wood, as well as products in the door, frame and accessories groups, focusing on direct sales to consumers (D2C) through online channels and various platforms such as Shopee, Lazada, etc. LEOWD24 has a paid-up capital of 10.7 million baht, with a par value of 1 baht per share, consisting of 10 million existing common shares and 0.7 million additional common shares. It offered 0.69 million additional common shares for initial public offering (IPO) to major investors and 0.01 million shares to directors and employees on September 2-3, 2024 at an offering price of 60 baht per share, totaling 42 million baht in capital raising and a market capitalization of 642 million baht at the IPO price. Krungthai XSpring Securities Co., Ltd. is the underwriter of the additional common shares. Mr. Samanchai Atiphan-ampai, Chief Executive Officer of Leowood Public Company Limited (LEOWD24), revealed that the company prioritizes expanding its customer base, thus focusing on online marketing to effectively reach customer groups, including the adoption of new technologies in its operations, such as the use of artificial intelligence (AI) to analy ze consumer data and behavior, so that the company can adjust its marketing strategies and offer products that better meet customer needs. The funds raised from the fundraising will be used to invest in opening showrooms in the provinces, develop warehouse and ERP systems, and serve as working capital for the business. LEOWD24 has a shareholder structure after the IPO as Mr. Samanchai Athiphan-ampai holds 93.46% of the shares. Source: Thai News Agency