Society Pass Inc. (Nasdaq: SOPA), a powerhouse in Southeast Asia’s (SEA) digital ecosystem, has revealed its game-changing strategy for 2024. The company’s dynamic Board of Directors, supported by a team of adept financial and legal professionals, has settled on a trailblazing plan to further magnify shareholder value.
The 2024 Nasdaq Debuts
In an unprecedented move, SoPa will launch two of its eminent entities into the public spotlight, with plans to spinout and initiate IPOs on Nasdaq for both Thoughtful Media Group Inc (TMG) and NusaTrip Inc.
TMG, with its roots in Thailand, has earned its stripes as the paramount digital advertising network in SEA. A ubiquitous presence in countries like Thailand, Vietnam, Indonesia, and the Philippines, TMG has built an influential bridge between brands and a network of over 10,000 influencers. Their strategic approach to social media-centric advertising guarantees substantial ROI across numerous domains ranging from fashion & beauty to sports.
On the other hand, NusaTrip, the jewel in Indonesia’s online travel crown, offers an unparalleled array of airline and hotel options. Initially concentrating on Indonesia, NusaTrip leveraged its early-bird advantage, amassing 1.2 million registered users and connecting with a staggering 80 million unique visitors. Their expansive growth strategy has turned them into a dominant travel choice across SEA.
Distinct Visions, Shared Values
SoPa envisions that listing TMG and NusaTrip independently will augment the company’s overall worth. Investors will benefit from the transparent evaluation of these flourishing businesses, each guided by its individualistic strategy and capital allocation principles.
Raynauld Liang, SoPa’s visionary Chief Executive Officer, commented, “We believe that separating and listing our principal businesses in 2024 will improve our ability to unlock hidden value for all our stakeholders, Both TMG and NusaTrip are profitable and have large and growing market opportunities. This new proposed group structure will further increase both their operational agility and ability to focus on delivering exceptional solutions to their customers.”
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Drawing parallels with major corporate spinouts, Liang added, “SoPa’s actions follow the leads of both Johnson & Johnson (JNJ) and Kellogg’s (K) spinning out operating subsidiaries and we plan on having the same success.”
Diving Deep Into Society Pass Inc.
Established in 2018, Society Pass Inc. emerged as an innovative blend of loyalty, fintech, and e-commerce operations. Spanning across key SEA markets and with a presence in major cities like Bangkok and Jakarta, SoPa’s influence is undeniable. Their acquisition-centric strategy has led to a whopping 3.6 million registered users and collaboration with over 650,000 merchants and brands.
Through technologically advanced solutions, Society Pass Inc. aims to revolutionize the retail value chain in SEA. Their diverse portfolio includes digital advertising, online travel, hotel management solutions, and e-commerce platforms.
For an immersive understanding of Society Pass and their ventures, please explore:
