Baiya International Group files for IPO on Nasdaq Capital Market

The Cayman Islands-based Baiya International Group has filed for an initial public offering (IPO) on the Nasdaq Capital Market, planning to offer 3 million shares priced between $4 and $6 each. The company, which operates under the ticker BIYA, conducts its operations in China through Shenzhen Gongwuyuan Network Technology, a provider of human resources technology services.

In 2022, Baiya’s revenue fell to $13.2 million, down from $20.8 million in the previous year. The IPO is projected to generate net proceeds of approximately $12.6 million, which the company plans to use for corporate purposes.

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