Owners of Thai Startup aCommerce Said to Consider Selling Stake
- Sale may value Thai ecommerce firm at as much as $300 million
- Startup previously explored initial public offering in Bangkok
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The owners of Bangkok-based aCommerce Group are considering selling a stake that could value the company at $200 million to $300 million, people familiar with the matter said.
Shareholders including co-founder and Chief Executive Officer Paul Srivorakul are working with a financial adviser on a potential divestment and have reached out to prospective investors to gauge interest, according to the people, who asked not to be identified as the process is private.