Home ยป Market Entry Strategies Proven to Elevate Closing Prices on the First Day by 62%

Market Entry Strategies Proven to Elevate Closing Prices on the First Day by 62%

Advertise IT Infinite Co., Ltd. (Public Company) is the owner of a retail and wholesale IT products distribution business. Today, on the first day (31st January) after submitting the filing a year ago, Advice entered the stock market by trading on the Stock Exchange of Thailand (SET) under the commercial business category with the abbreviated trading name, ADVICE.

On the first trading day, the stock price of Advice closed at 5.25 baht, showing a remarkable increase of 62.04% from the IPO price of 3.24 baht per share.

As of September 2566, Advice has a total of 338 branches, with the company owning 110 branches and 228 franchise branches. These branches are spread across all regions of Thailand, with an additional 25 branches in Laos. In the first nine months of 2566, Advice generated a revenue of 10,336.5 million baht from sales and services, with a net profit of 136.5 million baht.

TLDR: Advertise IT Infinite Co., Ltd., known as Advice, entered the stock market on the Stock Exchange of Thailand (SET) with impressive first-day trading results. Advice operates a large network of branches across Thailand, including franchise branches, and has shown strong financial performance with significant revenue and net profit.

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