LiVE Exchange (LiVEx) will list Leowood plc, a leading importer, distributor, and installation service provider of prefabricated wood flooring materials, on September 9 under the ticker “LEOWD24”. The company has a market capitalization at its initial public offering (IPO) of 642 million baht (approx. USD 18.89 million).
LiVEx president Prapan Charoenprawattsaid that LEOWD24 is one of the companies that have successfully prepared for capital market listing through the LiVE Platform, which provides essential knowledge, enhances potential, and prepares entrepreneurs for market readiness.
LEOWD24 specializes in importing, distributing, and installing prefabricated wood flooring materials, including SPC flooring, engineered wood flooring, laminate flooring, and decking, as well as doors, frames, and accessories. The company’s focus is on direct-to-consumer (D2C) sales through online channels and platforms such as Shopee and Lazada.
LEOWD24 has a paid-up capital of 10.7 million baht, consisting of 10 million existing common shares and 0.7 million newly issued shares, with a par value of 1 baht each. The company allocated 0.69 million newly issued shares to high-net-worth investors and the remaining 0.01 million shares to its directors and employees during September 2-3, 2024. The IPO shares were priced at THB 60 apiece, raising capital of 42 million baht. Krungthai XSpring Securities pcl served as the lead underwriter.
LEOWD24 chief executive officer Smarnchai Atipunumphai said that the company has prioritized customer base expansion through effective online marketing to reach customers. The company has also adopted new technologies such as artificial intelligence (AI) to analyze consumer data and behavior, enabling the company to refine its marketing strategies and better meet customer needs. The funds raised from the IPO will be used to open new showrooms in provincial areas, develop warehouse and ERP systems, and serve as working capital.
LEOWD24’s largest shareholder after the IPO is Smarnchai Atipunumphai (93.46 %).
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