By Sabela OjeaBaiya International Group filed for an initial public offering. Baiya plans to list its shares on the Nasdaq Capital Market under the symbol BIYA. The company conducts all of its operations in China through Shenzhen Gongwuyuan Network Technology, which provides human-resources technology. In 2022, Baiya International posted revenue of $13.2 million, down from $20.8 million a year ago. The company said it expects to receive net proceeds of about $12.6 million from the IPO, which it mainly intends to use for general corporate purposes.

Source: Wall Street Journal October 31, 2023 22:25 UTC