Terabyte Plus IPO Makes Debut on Stock Market, Closing Price Surges by 60%

TerraByte Plus Co., Ltd., a conglomerate providing ICT solutions, including distribution, design, installation, and service for companies entering the stock market today, April 24th, under the ticker symbol TERA.

The stock price of TERA closed at 2.80 Baht per share on the first day of trading, an increase of 60% from the IPO price of 1.75 Baht per share.

TerraByte Plus is a partner with major technology companies such as HPE (HPE HIT Platinum Partner), Dell Technologies, Microsoft, Cisco, Fortinet, Veeam, VMware, Palo Alto Networks, and Nutanix. They offer Local Cloud services under the name T.Cloud and are partners with public clouds like Azure and AWS. They have two subsidiary companies, Cluster Systems and SkyFrog.

In 2023, TerraByte Plus reported revenue of 599.46 million Baht and a net profit of 28.96 million Baht.

Source: Stock Exchange of Thailand, Image from Stock Exchange of Thailand Live.

TLDR: TerraByte Plus, a provider of ICT solutions, enters the stock market with the ticker symbol TERA, closing at 2.80 Baht per share on the first day, up 60% from the IPO price. They partner with major technology companies and reported revenue of 599.46 million Baht in 2023.