Internet Thailand intends to keep its 25% stake in the Thailand-based back-office services provider.
Netbay, a Thailand-based e-logistics technology provider backed by telecoms infrastructure services provider Internet Thailand (Inet), is hoping to raise ฿160m ($4.5m) in its initial public offering.
Netbay has priced its shares at ฿4 and will offer 40 million shares on Thailand’s Market for Alternative Investment. The company expects to begin trading on June 17.
Inet has no plans to sell its 25% stake, according to news provider Deal Street Asia, believing Netbay has further growth potential and will be well-received…
