TBN shares surge 144% on MAI debut, SET points cautionary observe

The Market for Alternative Investment (MAI) noticed the debut of TBN Corporation shares on Monday, main the Stock Exchange of Thailand (SET) to problem a cautionary observe to traders in gentle of high trading speculation.
Yesterday morning, TBN shares experienced a buying and selling turnover ratio of 85%, reaching 41.5 baht by noon. The 144% increase was up from the initial public offering (IPO) value of 17 baht and resulted in a buying and selling worth of three.59 billion baht. TBN, a technology group, noticed its shares surge to forty two.5 baht throughout Monday’s debut session, ending with a buying and selling value of two.6 billion baht.
A SET statement highlighted seven “big lot” promote orders involving 9.5 million shares from existing shareholders, priced at 20.seventy five baht each. With this data, the SET advised traders to assume about all features earlier than buying and selling TBN shares and requested brokers to closely supervise buying and selling activities.
Approved , an integrated digital design and development providers provider, reported complete property of 320 million baht and whole liabilities of 218 million baht by March this year, reported Bangkok Post.
The firm specialises in consulting on digital transformation and creating customised solutions utilizing Mendix’s low-code growth platform. As the first licensed reseller of Siemens’ Mendix software program in Thailand, TBN’s paid-up capital after the IPO amounts to 50 million baht, with a par value of 0.50 baht.
The IPO shares include seventy five million current strange shares and 25 million newly issued odd shares.
Yesterday, TBN shares closed on the MAI at 29.5 baht, down 30.6%, with a trading worth of four.39 billion baht..

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