Advance Web Service the first to list on LiVEx bourse

Advance Web Service became the first firm to seek fundraising on LiVE Exchange (LiVEx), the Stock Exchange of Thailand’s (SET) new platform that aims to enhance small and mediumsized enterprises’ (SMEs) access to public funding.

Advance Web Service is an e-commerce solutions provider. Its services include designing and developing blockchains and providing work systems for online businesses.

According to LiVEx president Prapan Charoenprawatt, Advance Web Service was among the companies that participated in the LiVE Acceleration Program and was the first company to submit its filing to raise funds and list its shares on LiVEx on June 6.

He said LiVEx would unlock the growth potential of SMEs and startups by serving as a stepping stone for these businesses to scale up and prepare to list in the capital markets, including the Market for Alternative Investment and SET.

LiVEx comprises an educational platform designed to provide business knowledge for small companies and startups, as well as a scaling-up platform aimed at preparing these companies for fundraising in the capital market.

Mr Prapan said LiVEx’s collaborations with partners in both the public and private sectors have started to

‘‘ LiVEx places importance upon sharing knowledge with investors and equipping them with understanding before making investment decisions. PRAPAN CHAROENPRAWATT President, LiVE Exchange

become fruitful as many innovationdriven SMEs and startups in numerous industries including digital technology, food and energy have shown interest in raising funds via LiVEx.

“LiVEx places importance upon sharing knowledge with investors and equipping them with understanding before making investment decisions. Investors in LiVEx must meet the qualifications set by the Securities and Exchange Commission that require a certain degree of investment experience and risk tolerance,” he said.