The share price of Sun Vending Technology Public Company Limited (SVT) continued to edge higher for the fourth day in a row after its first trading day in the Thai stock market on October 5, 2021.
As of 10:20 local time in Thailand on October 8, 2021, the share price of SVT rose ฿1.15/share or 19.66% to ฿7.00/share with a trading value of 2,448 million baht. SVT has gained 175% from its IPO price of ฿2.54/share.
The company operates retail business through automated vending machine with factory to refurbish its vending machine and distributes various products as well as selling vending machine to customers under the trademark of “SUNVENDING”.
SVT expected the use of proceeds from IPO to invest in vending machine in order to expand its locations and service throughout the country as well as to develop new technology and business application for supporting SMART Vending Machine.
175% from IPO