Abstract
Maguro Group pcl, a premium-mass restaurant operator, will be listed on mai on June 5, 2024, under the symbol “MAGURO”, with a market capitalization of THB 2.00 billion. Proceeds from the IPO will be used for business expansion.
Listing of Maguro Group PCL on MAI
The Market for Alternative Investment (MAI) will list Maguro Group PCL, a premium-mass restaurant operator under brands “MAGURO,” “SSamthing Together,” and “HITORI SHABU,” on June 5, 2024, under the symbol “MAGURO.” The company has a market capitalization at its initial public offering (IPO) of THB 2.00 billion (approx. USD 54.2 million). MAI President Prapan Charoenprawatt said MAGURO will start trading on MAI in the Agro & Food Industry group.
Operations and Fundraising Plans
Maguro operates a restaurant business, offering food and beverage, and food delivery services as well as off-site catering. The company has three brands with a total of 27 branches covering areas in Bangkok and its vicinity. After the IPO, the company’s paid-up capital is THB 63 million, with plans to use the funds raised for business expansion, renovating branches, installing IT systems, and as working capital. Major shareholders after the IPO include the four founders and Holistic Impact Pte. Ltd, a private equity fund.
