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Thailand’s top real estate broker IFCG to raise funds for IPO

The company is currently planning to be listed on the Market for Alternative Investment (MAI), according to Mr. Withoon Lertpanomwan, Chief Executive Officer of IFCG Public Company Limited, or IFCG, the top real estate brokerage in Thailand. It is anticipated that you will be able to submit both an application and a registration statement for an offer to sell securities at first. in the third quarter of 2023, and a draft prospectus (filing form) to the Securities and Exchange Commission (SEC). Financial advisor Yuanta Securities (Thailand) Co., Ltd.

It has expanded enormously when looking at business activities during the last 14 years. as the top real estate broker in the nation by a qualified group possess proficiency in analytics and project selection whether or not each project’s location, cost, and financial records are being examined. To lessen the danger Independent sales reps are also available. through acquiring information and understanding prior to representing clients in the sale of real estate

Over 50,000 customers have trusted IFCG over the past 14 years and still use their services. The investment is worth more than ten billion baht. In addition, the business has obtained ISO 27001 certification, the same information security standard that financial institutions use for their clients.

The objective, according to Chief Executive Officer of IFCG, is to list on the stock market this time. The company wants to raise money to promote corporate growth. It comprises of a plan to increase the number of Walht Cafe locations, which are locations where customers will interact with the business. There are now 2 service-ready branches, in Chiang Mai and Phuket, with a goal to open 28 more over the course of the next five years, with an estimated investment expenditure of 5 million baht per branch. Additionally, there are Walht Cafes in other nations like China, Hong Kong, Japan, and Russia.

Additionally, there are intentions to use the money raised to create technologies that will enable distributor partners (dealer partners) to contact clients on a global scale. is utilized to expand connected firms in order to maximize the possibility for future leapfrog growth With the goal of becoming an Innovation Property Agent, the top real estate broker in the nation, I support the real estate investment needs of clients who are expanding significantly every year.

Witoon stated

When analyzing the market for investment real estate in 2023, it is anticipated to continue expanding. based on the state of the economic recovery Thailand has opened its doors to tourists and foreign investors since the COVID-19 virus outbreak started to unravel. Including the law that permits foreigners to purchase homes in Thailand. Foreigners must invest at least 40 million baht in Thailand before they can purchase a home there, which will increase demand for real estate. for a longer life Additionally, it raises the likelihood of real estate sales. High cost for international buyers with large purchasing power.

The top real estate broker in the nation is IFCG. There is a team of specialists with more than 14 years of experience and knowledge. possess proficiency in analytics and project selection Whether or not each project’s location, cost, and financial records are being examined. With a target of increasing the value of the number of units on hand available for sale in 2023 to more than 6,000 million baht from the previous year’s 3,000 million baht, to lessen the risk that currently has a client base of more than 50,000.

 Additionally, the business employs independent sales agents who have received training to educate more than 250 clients, both domestic and foreign, about real estate before making a deal.

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SOURCE: https://www.mitihoon.com

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