mai welcomes online literature platform operator "GLORY" on Oct 25

Stocks News Thursday October 21, 2021 11:07 —PRESS RELEASE LOCAL

mai welcomes online literature platform operator

Market for Alternative Investment (mai) will list Glory Forever pcl, a digital literature distribution, on October 25, under the ticker symbol "GLORY". The company has a market capitalization at its initial public offering (IPO) of THB 756 million (approx. USD 22.74 million).

mai President Prapan Charoenprawatt said that GLORY would list and start trading on mai in the Services industry group.

GLORY operates a digital entertainment content distribution business via "" website and "Kawebook" application. GLORY's contents available for distribution cover many different online literary works consisting of novels, comics, and e-books. All these are grouped into copyright translated literature from overseas such as China and Japan; copyright literary works of independent authors; and from local publishing houses. Overall, GLORY offers a diverse array of literary works to meet various readers' tastes. At present, the firm's main revenue comes from translated literature such as Asura Plik Fa, Meun Asura Kom Krab, Thep Chakraphat Chao Phiphop, Racha Hang Sawan Lae Pathapee, and Sadudee Maharacha, among others.

GLORY has a registered paid-up capital of THB 135 million, consisting of 200 million existing common shares and 70 million newly issued shares, with a par value of THB 0.50 each. Of the total newly issued shares, 66.8 million shares were allocated to persons at the underwriter's discretion; and 3.2 million shares to the company's directors, executives, and/or employees on October 12 and during October 14-15 at THB 2.80 each, for a total of THB 196 million. The IPO price was equivalent to price-to-earnings ratio (P/E ratio) of 66.67. The earnings per share is equal to THB 0.04 each, which was calculated from the company's net profit of THB 11.34 million over the past four quarters (from July 1, 2020 to June 30, 2021) divided by fully diluted shares. Country Group Advisory Co., Ltd. is its financial advisor while Finansa Securities Limited is the lead underwriter.

GLORY Chief Executive Officer Jarunpat Boonyang said that GLORY is one of the tech startups that develops e-commerce platform for online entertainment distributor to be an alternative for the next generation to easier and more conveniently access literature works, novels and e-books. In addition, the company is determined to support the professional careers of authors, translators and publishers in terms of steady income. The IPO proceeds will be used to invest in new platform development to expand customer base, and as working capital to finance an increasing number of book copyrights for future growth in both domestic and overseas markets.

GLORY's major shareholders after the IPO are Kanda Property Limited (37.78 percent), and Boonyang Family (36.63 percent). The company's dividend policy is to pay no less than 40 percent of net profit based on its separate financial statement after legal reserves.

For more information on GLORY, please see the company's prospectus at the Securities and Exchange Commission (SEC)'s website at; and for general information, please visit as well as

เว็บไซต์นี้มีการใช้งานคุกกี้ ศึกษารายละเอียดเพิ่มเติมได้ที่ นโยบายความเป็นส่วนตัว และ ข้อตกลงการใช้บริการ รับทราบ