Baiya International Group's IPO opened at $3.80, below the pricing of $4.00.

Investing.com — Baiya International Group Inc. (also known as BIYA) announced the pricing of its initial public offering (IPO) on Friday. The company set the price for 2,500,000 common shares at $4.00. However, the shares opened at $3.80, which is $0.20 lower than the offering price.

BIYA's common shares began trading on the Nasdaq Capital Market under the symbol "BIYA" on March 21, 2025. Additionally, BIYA granted underwriters a 45-day option to purchase up to 375,000 additional common shares at the IPO price, known as the "Overallotment Option." After deducting underwriting discounts, commissions, and estimated offering expenses payable by BIYA, the gross proceeds from the offering are expected to be approximately $10,000,000, assuming the Overallotment Option is not exercised. The offering is conducted on a firm commitment basis, with Cathay Securities, Inc. serving as the representative of the underwriters and Revere Securities LLC acting as a co-manager.