TBN IPO: Driving Thailand as Asia’s Low-Code Hub with Mendix Tech | TBN

TBN Corporation PLC CEO Panayu Sirikrachangsri has unveiled a bold vision to elevate Thailand into Asia’s premier Low-Code hub. Fueled by fresh capital from its fundraise, the company is set to scale its workforce and accelerate the deployment of Mendix Low-Code technology, a sector expanding at an impressive 25% annually. This strategic movement addresses the surging demands of modern enterprises seeking rapid digital transformation paired with international quality standards.

The Low-Code Revolution: 25% Annual Growth Forecast

With over 18 years of specialized expertise in Mendix, TBN is perfectly positioned to capitalize on the 25% average annual growth rate of Low-Code technology. As projections suggest that 70% of global applications will be developed using Low-Code by 2025, TBN’s mission is clear: to establish Thailand as the Low-Code Hub of Asia.

IPO and Strategic Capital Allocation for 2025

TBN is set to offer 25 million IPO shares (representing 25% of its total equity) for listing on the Market for Alternative Investment (mai). The capital raised will be strategically utilized by 2025 to:

Scale Workforce Potential: Increase the developer headcount from 150 to a powerhouse team of 500-1,000 highly qualified experts.

Infrastructure Development: Invest in advanced digital systems and facilities to accommodate large-scale enterprise projects.

Working Capital: Boost competitiveness in the rapidly evolving Digital Transformation market.

TBN Built to Deliver: A 3-Pillar Strategy — SIMPLIFY, UNIFY, CLARIFY

TBN launches its Built to Deliver Strategy, connecting strategy, technology, and operations through three pillars — SIMPLIFY, UNIFY, and CLARIFY — to help organizations turn vision into measurable results.