Mai/LTMH trading debut

Editorial staff

LTMH Plc will be listed and start trading on Market for Alternative Investment (mai) in the Services industry group under the symbol “LTMH” on April 2, according to mai president Prapan Charoenprawatt.

LTMH group's two main businesses are the media and platform business segment and the offline business segment. In the media and platform domain, the company maintains three distinct operations: 1) Online media business to create digital content, both in-house productions and client-commissioned materials, and deliver PR services through LTMH's network of popular online media brands (Longtunman, Longtungirl, MarketThink, BrandCase, MONEY LAB, and Mao-Investor) across major online platforms including Facebook, YouTube, and TikTok; 2) Online media platform known as Blockdit, a community of user-generated content; and 3) Digital marketing solution services through LTMH Rocket.

The company's offline division focuses on event management services and book publication.

The company's 2024 revenue can be broken down as 75 % from the online media business, 15 % from the digital marketing solution services, 8 % from the event management services, and 2 % from other businesses. LTMH’s combined online followers across all brands and online media channels totaled 8.39 million (as of February 28, 2025).

LTMH has a paid-up capital of 100 million baht after the IPO, consisting of 150 million existing ordinary shares and 50 million newly issued shares with a par value of 0.50 baht per share. Of these IPO shares, at least 37.5million shares were offered to subscribers at the underwriters’ discretion, up to 7 million shares to the company’s patrons, and up to 5.5 million shares to the company’s directors, executives and employees from March 25-27, 2025 at 5 baht per share. The offering size is 250 million baht with the IPO market capitalization of 1 billion baht (approximately US$ 29.47 million) and the price-to-earnings(P/E) ratio of 28.24 times. The earnings per share is 0.18 baht,calculated from the company’s 2024 net profit which totaled 35.42 million baht, divided by fully diluted shares. Finansia Syrus Securities Plc is the financial advisor and lead underwriter.

LTMH chief executive officer Thanut Techalert said the company's core strategy of delivering quality and timely content that simplifies complex information into understandable insights for general audiences. This approach has yielded remarkable results, with follower numbers recording a compound annual growth rate (CAGR) of 19.61 % between 2021 and 2024. To strengthen its position and stability, LTMH made a strategic move into the wealth technology sector in 2024 by establishing two specialized subsidiaries: WealthX Management Co, serving as a software development arm, and WealthX Securities Co, operating as a securities brokerage focusing on fund and bond products. The IPO proceeds will be directed toward expanding the businesses of WealthX Management Co and WealthX Securities Co, repaying bank loans, and strengthening working capital liquidity.

Major shareholders of LTMH after the IPO are the family of Thanut Techalert (50.83 %), Outdoor Media Investments Limited (12.75 %), and Ake Tangkananond (7.60 p%). The company’s dividend policy is to pay shareholders a minimum of 30 % of its net profit based on the separate financial statements after corporate tax expenses and all legally mandated reserves.