Two startups — Wishbeer and Plizz — are taking advantage of the Stock Exchange of Thailand’s (SET) new “Live” platform, after launching their equity crowdfunding campaigns on July 23rd, 2018.
Live is a unique platform in Southeast Asia as it provides startups and SMEs with the ability to pair up with a public bourse.
Wishbeer claims to be the largest e-commerce platform for importing beverages in Thailand. It’s also operates four craft beer bars in Bangkok.
Plizz, founded in 2015, is a startup that provides technology-powered accounting services to SMEs to help them lessen the tedious work of accounting and tax management. Its backend modules are designed to automate the work of accountants as well as give clients the ability to manage account and track deadlines online.
With Live, Wishbeer hopes to collect THB20,000,000 (US$600,000) with 7290 shares selling at THB2,743 (US$82) per share. As for Plizz, its minimum goal is to raise THB5,000,000 (US$150,000) with 2,203 shares at THB2,270 (US$68) per share.
Wishbeer and Plizz are looking to raise funding for sales growth, better resources, and platform expansion. The campaign continues until September 20, 2018, when the shares trading starts.
Live works the same as a traditional public stock market in the sense that accredited investors buy shares of the company for a stake in the business and they can trade the shares with one another.
For startups, Live offers another avenue to raise money.