TTT+Partners acted as Thai legal counsel to JustCo Holdings Pte. Ltd., a leading Asia-Pacific flexible workspace operator, on its SGD 100 million initial public offering and listing on the Mainboard of the Singapore Exchange (SGX).
The IPO involved the issuance of 32.1 million shares and 74.3 million cornerstone shares at SGD 0.94 per share, and represents a key milestone in JustCo’s regional growth strategy across Asia-Pacific, including continued investment in its Thailand operations. The proceeds will support the company’s “protect and grow” strategy, including capital expenditure, IT infrastructure upgrades, and workspace fit-outs across existing hubs, as well as expansion into additional regional markets.
The transaction involved a complex cross-border offering requiring Thai legal input on regulatory compliance, employment matters, and commercial leasing frameworks for flexible workspace operations. Our team supported the client throughout the transaction, including due diligence on Thai subsidiaries and review of disclosure documentation for the IPO prospectus.
TTT+Partners team was led by Veeranuch Thammavaranucupt, with support from Supasiri Korattana, Thanchon Phetroocheang, Kanatat Damrongchaitham, and Veerapattra Mangmee.
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