Baiya International Group Sets Price for Initial Public Offering
Shenzhen, P.R. China, March 21, 2025 — Baiya International Group Inc. (“BIYA” or the “Company“) announced today the pricing of its initial public offering of 2,500,000 ordinary shares, with a par value of $0.0001 each (the “Ordinary Shares“), at a public offering price of $4.00 per share (the “Offering“).
The Company has also granted the underwriters an option, exercisable within 45 days, to purchase up to 375,000 additional Ordinary Shares at the initial public offering price (the “Overallotment“), minus underwriting discounts and commissions. Before deducting underwriting discounts and commissions and estimated offering expenses payable by BIYA, the gross proceeds to BIYA from the Offering are expected to be approximately $10,000,000, assuming the Overallotment is not exercised.
The Ordinary Shares are anticipated to commence trading on the Nasdaq Capital Market under the ticker symbol “BIYA” on March 21st, 2025. The Offering is expected to close on March 24th, 2025, contingent upon standard closing conditions.
The Offering is being conducted on a firm commitment basis. Cathay Securities, Inc. is the representative of the underwriters for the offering, with Revere Securities LLC acting as co-underwriter (collectively, the “Underwriters”). Ogier, Jingtian & Gongcheng, and Lewis Brisbois Bisgaard & Smith LLP are serving as legal counsel to the Company in the Cayman Islands, PRC, and the U.S., respectively. VCL Law LLP is serving as U.S. legal counsel to the Underwriters for the Offering.
The Offering is being made under the Company’s Registration Statement on Form F-1 (File No. 333-275232), previously filed with the U.S. Securities and Exchange Commission (“SEC“) and declared effective on March 6, 2025. The Offering is being made only through a prospectus. Before making any investment decisions, you should read the prospectus and other documents that the Company has filed or will file with the SEC for further information about the Company and the Offering. These documents are available free of charge on the SEC’s EDGAR website at . Electronic copies of the prospectus related to the Offering can also be obtained from Cathay Securities, Inc. at 40 Wall Street, Suite 3600, New York, NY 10005, or by calling +1 (855) 939-3888.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Furthermore, no sale of these securities will occur in any state or jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains certain “forward-looking statements” as defined in the federal securities laws. These statements include, but are not limited to, statements regarding plans, objectives, goals, strategies, future events or performance, and underlying assumptions, as well as other statements that are not statements of historical facts. These forward-looking statements are subject to known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events that the Company believes may impact its financial condition, results of operations, business strategy, and financial needs. This includes the expectation of a successful completion of the Offering. These statements can often be identified by the use of words such as “believe,” “plan,” “expect,” “intend,” “should,” “seek,” “estimate,” “will,” “aim,” and “anticipate,” among others. The Company does not undertake any obligation to update or revise any forward-looking statements to reflect events or circumstances occurring after the date of this press release or to reflect changes in its expectations, except as required by law. While the Company believes that the expectations reflected in these forward-looking statements are reasonable, it cannot guarantee that these expectations will prove to be correct. Investors are cautioned that actual results may differ materially from anticipated results and are encouraged to review other factors that could affect future results in the Company’s registration statement and other filings with the SEC.
About Baiya International Group Inc. (“Baiya”)
Baiya has transitioned from a job matching service provider to a cloud-based internet platform, offering one-stop crowdsourcing recruitment and SaaS-enabled HR solutions on the Gongwuyuan Platform to complement its offline job matching services. The company has begun to position itself as a SaaS-enabled HR technology company through the introduction of its Gongwuyuan Platform in the flexible employment marketplace. Baiya is committed to strategically developing and improving the Gongwuyuan Platform with product features that integrate with its traditional offline service model to enhance job matching and HR-related services in the flexible employment marketplace. Additional information can be found on the Company’s website: .
For further information, please contact:
Baiya International Group Inc.
Investor Relations Department
Phone: +86 0769-88785888
Email:
Investor Relations Inquiries:
Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: