Thailand's aCommerce to go for IPO in 2020

Tinuku - Thailand's aCommerce, a leading e-commerce enabler in Southeast Asia, has announced its plans to go for IPO in 2020 and expansion to Vietnam on the anvil. The IPO works are still in the early stages, and the company is considering to list either on the Singapore Stock Exchange (SGX) or Stock Exchange Thailand (SET).

It is not immediately clear how much funds the Bangkok-headquartered aCommerce is planning to raise via IPO. The funds raised will be invested in the development of a unified data platform and also to expand to Vietnam.

“A massive amount of customer data is currently floating in the air, available for everyone to optimise, but nobody has integrated it in a single platform yet,” said Paul Srivorakul, Group CEO and Co-founder of aCommerce.

“With the capital raised through an IPO, aCommerce is looking to manage that chunk of information for brands as a data partner. The ultimate goal is for brands to come to us for centralised data about a customer and eventually be able to offer customised products or services to each target group,” Srivorakul said.

Founded in May 2013, aCommerce provides e-commerce technologies and solutions, including performance marketing, channel management, webstore design and operations, content production, order fulfillment and warehousing, delivery and logistics and localised customer care. So far, it has partnered with 260 brands, such as Samsung, Unilever, Nestlé, L’Oreal, Philips and Mars.

aCommerce has over 1,200 staff and offices and fulfilment centres in Singapore, Indonesia, Thailand, Malaysia, and the Philippines. To date, aCommerce has raised US$96.5 million in investment from Emerald Media, BlueSky, DKSH, Inspire Ventures, Sinarmas and NTT Docomo. This includes its Series B funding to the tune of US$65 million led by Emerald Media in November last year.