LEOWD24 opens first day of trading on LiVEx up 13.33%

LEOWD24 opens its first day of trading on LiVEx, opening at 68 baht from the IPO price of 60 baht, an increase of 13.33%, stating that LiVEx helps create business opportunities for SMEs, targeting 200 million baht in revenue this year. Mr. Prapan Charoenprawat, Managing Director of the Stock Exchange of Thailand (LiVEx), and Mr. Samanchai Atiphan-ampai, Chief Executive Officer of Leowood Public Company Limited, along with executives, joined the opening ceremony of the first day of trading in Leowood Public Company Limited's LiVEx today (9 September) using the abbreviation 'LEOWD24' for trading securities. The trading price was opened at 68 baht from the IPO price of 60 baht, an increase of 13.33%, with a market capitalization at the IPO price of 642 million baht. LEOWD24 is engaged in the business of importing, distributing, and providing installation services for construction materials in the prefabricated wood flooring group, including SPC flooring, engineered wood flooring, laminate flooring, and balcon y wood, as well as products in the door, frame, and various accessories groups, focusing on direct-to-consumer (D2C) sales via online channels and various platforms such as Shopee, Lazada, etc. Mr. Samanchai Atiphan-ampai, Chief Executive Officer of Leowood Public Company Limited, revealed that the money raised from the fundraising will be invested in opening showrooms in the provinces, developing warehouse and ERP systems, and as working capital for the business. This year, the target revenue is 200 million baht. Although the overall construction material industry is currently sluggish, it is seen as a business opportunity because repairs are still needed all the time. Meanwhile, customers will have to consider more in terms of both price and quality. The company responds to customers who focus on direct sales with service and quality. The LiVEx Marawan market helps SMEs raise funds and create business opportunities to meet investors. It is believed that this will help the company grow according to its goal s. Source: Thai News Agency