FINNO files for IPO of 30 million shares to list on the SET, raising funds to expand its WealthTech business.

FINNO (FINNO) has filed for an IPO of up to 30 million shares, representing 15% of the total, to be listed on the SET. The proceeds will be used for business expansion and working capital. The company highlights its strengths as a comprehensive WealthTech platform, coupled with projected revenue and profit growth. Its dividend policy is to pay out at least 50% of its profits.

Date: 18 Jul. 2569 Finnomena Public Company Limited (FINNO) The company disclosed information in its registration statement (filing) submitted to the Securities and Exchange Commission (SEC) on July 16, 2569, for the initial public offering (IPO) of up to 30,000,838 ordinary shares, representing 15% of the total issued and paid-up shares after the offering. Kasikorn Securities was appointed as the financial advisor. The plan is to list on the Stock Exchange of Thailand (SET) in the finance and securities sector.

The company stated that the funds raised from the IPO will be used for two main purposes: expanding the group's business and as working capital for operations.Why

FINNO operates as a holding company, investing in WealthTech platform-related businesses through four main subsidiaries: investment brokerage and agency, investment advisory, training, and financial and investment advertising. It also has one additional subsidiary developing AI technology for finance and investment.

Company specify that The group's WealthTech platform is divided into three parts: an Open Knowledge Platform for disseminating investment information and analysis, an Advisor Platform connecting investment advisors and clients, and an Investment Platform for opening accounts and investing through the Finnomena Funds application.

As of March 31, 2569, the group of companies had approximately 800,000 followers on its knowledge platform, while its primary revenue, around 80-90%, came from investment brokerage and agency services, with the remainder from financial advertising, investment advisory services, and training businesses.

Operational results The company stated that service revenue continues to grow, reaching 287.5 million baht, 438.3 million baht, and 589.5 million baht in 2566-2568, respectively, representing an average annual growth rate (CAGR) of approximately 43.2%, primarily driven by the expansion of its investment brokerage and agency business.

While net profit has continuously improved, turning from a loss of 55.5 million baht in 2566 to a profit of 41.4 million baht in 2567 and increasing to 105 million baht in 2568, resulting in a net profit margin from 9.4% to 17.7% driven by revenue growth and economies of scale.

For the first three months of 2026, the company's net profit increased compared to the same period of the previous year, with the net profit margin rising to 28.1% from 21.1%, driven by revenue growth and efficient cost management.

Furthermore, the company has a policy of paying dividends to shareholders at a rate of not less than 50% of net profit as per the consolidated financial statements, after deducting taxes and legal reserves and related regulations.

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