LTMH's IPO Filing Approved: Set to Offer 50 Million Shares to Expand WealthTech Business from "Longtunman" Success
The Securities and Exchange Commission (SEC) has approved the IPO filing for LTMH, paving the way for the offering of up to 50,000,000 shares as the company expands into the WealthTech sector.
Mr. Sompop Keerasunthornpong, Managing Director of Finansia Syrus Securities Public Company Limited, in his capacity as the financial advisor and lead underwriter for LTMH Public Company Limited, announced that the SEC has officially acknowledged the registration statement and draft prospectus for LTMH as of February 1, 2025.
Currently, LTMH has a registered capital of 100 million baht, divided into 200,000,000 common shares, with a par value of 0.50 baht per share. The company has a paid-up capital of 75 million baht, consisting of 150,000,000 shares. The planned IPO will offer up to 50,000,000 shares, or 25% of the total issued and paid-up shares after the capital increase. The company intends to list on the Market for Alternative Investment (mai) under the Service sector.
Purpose of the Fundraising
The proceeds from the IPO will be used for:
Expanding the WealthTech business, Repaying loans taken for investments in Talis Asset Management, and Working capital for business operations.
From "Longtunman" to WealthTech Pioneer
Mr. Thanut Techalert, CEO of LTMH, stated that the company began as the "Longtunman" Facebook page in 2017, with a mission to simplify business and investment knowledge for the public. Over time, it grew into a leading online media platform with a strong Mega-Influencer brand, boasting over 4 million followers across all channels.
Additionally, LTMH operates five other Macro-Influencer brands with a combined 500,000+ followers:
Longtun Girl
MarketThink
BrandCase
MONEY LAB
Mao-Investor
Beyond media, LTMH has expanded into comprehensive digital marketing consulting, event organizing, and financial investment seminars. The company also developed Blockdit, a content platform created by its technology division.
Strategic Investments for a Strong Wealth Ecosystem
With a vision to build a robust business ecosystem, LTMH has actively sought strategic investments, such as acquiring a 25% stake in Talis Asset Management, a company licensed to manage mutual funds and private funds under SEC regulations. This investment strengthens LTMH’s position in the financial services sector.
Expansion into WealthTech with WealthX
Following its IPO, LTMH aims to expand into WealthTech under the brand WealthX, establishing two new subsidiaries:
WealthX Management Co., Ltd. – Focused on software development
WealthX Securities Co., Ltd. – Currently seeking SEC approval to operate as a securities brokerage for mutual funds and fixed-income securities
LTMH’s Mission: Empowering Wealth Education
"LTMH was founded with the mission to educate and empower people in building wealth. We are dedicated to developing tools that enhance financial well-being while continuously expanding into related high-potential businesses. Our goal is to create a comprehensive Wealth Ecosystem that drives sustainable growth through balanced expansion of new and existing businesses," concluded Thanut.