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Baiya International Group Inc. reports developments as a Nasdaq-listed HR technology company that uses a cloud-based internet platform to provide crowdsourcing recruitment and SaaS-enabled HR solutions. Its operating updates center on flexible-employment services, including job matching, entrusted recruitment, project outsourcing and labor dispatching for customers in China, with activity tied to manufacturing regions and sectors such as logistics and express delivery.
Recurring BIYA news also covers annual financial results, service-line revenue trends, customer expansion, digital asset allocation initiatives under the Cryptocurrency Ark Plan, and capital-structure actions involving its Class A ordinary shares. Corporate updates include reverse stock split actions, Nasdaq listing compliance matters, shareholder approvals and governance changes affecting the company’s ordinary-share structure.
Baiya International Group (NASDAQ: BIYA) has successfully completed its Initial Public Offering (IPO), raising $10 million in gross proceeds through the sale of 2,500,000 ordinary shares at $4.00 per share. Trading began on the Nasdaq Capital Market on March 21, 2025.
The company granted underwriters a 45-day option to purchase an additional 375,000 shares at $4.00 per share, potentially increasing total gross proceeds to $11.5 million. The IPO proceeds will fund the development of their Gongwuyuan Platform, a cloud-based solution for crowdsourcing recruitment and SaaS-enabled HR services, along with business expansion, marketing initiatives, employee compensation, and general corporate purposes.
Cathay Securities served as the lead underwriter, with Revere Securities as co-underwriter in this firm commitment offering.
Baiya International Group (BIYA) has announced the pricing of its initial public offering (IPO) of 2,500,000 ordinary shares at $4.00 per share, aiming to raise approximately $10 million in gross proceeds. The company has also granted underwriters a 45-day option to purchase up to 375,000 additional shares.
Trading is scheduled to commence on the Nasdaq Capital Market under the symbol 'BIYA' on March 21st, 2025, with the offering expected to close on March 24th, 2025. Cathay Securities is serving as the lead underwriter, with Revere Securities as co-underwriter.
The offering is being conducted on a firm commitment basis and follows the company's Registration Statement on Form F-1 being declared effective by the SEC on March 6, 2025.