Market for Alternative Investment (mai) will list TBN Corporation pcl, an integrated digital design and development service provider, and the first and only distributor of Mendix software license in Thailand, on June 19, under the ticker symbol “TBN”. The company has a market capitalization at its initial public offering (IPO) of THB 1.70 billion (approx. USD 49.20 million).
mai President Prapan Charoenprawatt said that TBN will be listed and start trading on mai in the Technology industry group.
TBN provides end-to-end digital system design and development services, including consultation on digital transformation and customized solution development utilizing Mendix’s low-code platform, the software that enables fast-track applications development or digital solutions. Currently, TBN is the first and only authorized distributor of Siemens’ Mendix software license in Thailand, while the company’s 70 percent-owned subsidiary, BOP Co., Ltd., provides high-code software development services. TBN’s customers are leading organizations in various industries, mostly in the finance and insurance sectors. In the first quarter of 2023, the ratio of income from system development & related services to technology support & others was recorded at 55:45.
TBN has a paid-up capital of THB 50 million, consisting of 75 million existing ordinary shares and 25 million newly issued shares, with a par value of THB 0.50 each. It allocated at least 22.5 million newly issued shares to individuals at the…
mai welcomes digital design and development service provider “TBN” on June 19 – SET News
