Abstract
Facial plastic surgery service provider Aesthetic Connect, operating under the name “Teeraporn Clinic,” will be listed on the Market for Alternative Investment (mai) on Oct 24. The company has a market capitalization of THB 4.90 billion and focuses on facial beauty services, with plastic surgery generating 97 percent of its revenue. The funds from the IPO will be used to construct a new hospital, procure equipment, repay loans, and as working capital. The Jirayangyuen family holds a 65.57 percent stake in the company.
Alternative Investment Market Lists Facial Plastic Surgery Service Provider “Teeraporn Clinic”
Aesthetic Connect pcl, a facial plastic surgery service provider, will be listed on the Market for Alternative Investment (mai) on Oct 24 under the name of “Teeraporn Clinic” and the ticker symbol “TRP”. The company’s initial public offering (IPO) has a market capitalization of THB 4.90 billion (approx. USD 132.54 million). TRP operates “Teeraporn Clinic,” a medical clinic specializing in facial plastic surgery, skin treatment, and more. Led by experienced specialists, the clinic generates 97 percent of the company’s total revenue. TRP is also expanding with the construction of a new plastic surgery hospital.
TRP Raises THB 1.26 Billion in Initial Public Offering
With a paid-up capital of THB 175 million, TRP offered 67.5 million newly issued shares, raising THB 1.26 billion in funds. The IPO price was set at THB 14.00 per share with a price-to-earnings ratio (P/E ratio) of 21.12 times. The proceeds from the fundraising will be used to construct the new hospital, acquire medical instruments, repay loans, and serve as working capital. TRP’s major shareholder is the Jirayangyuen family, owning 65.57 percent of the company. The company has a dividend policy to distribute at least 50 percent of annual net profit after taxes and legal reserves.
