VPBank Securities aims to raise 12.7 trillion dong in IPO this month
VPBank Securities, a stock brokerage firm owned by Vietnam Prosperity Bank, aims to raise 12.7 trillion dong (S$622 million) in an initial public offering (IPO) later this month, the bank said on Wednesday (Oct 1).
VPBank Securities will offer 375 million shares, or a 25 per cent stake, at the IPO, it said. The offer will run from Oct 10 to Oct 31, with shares priced at 33,900 dong each.
The share offer is the latest in a series of IPOs in Vietnam as interest is fuelled by a share rally, regulatory changes and the prospect of an investment status upgrade by a global index provider.
VPS Securities, the country’s largest securities firm by market share, last week said that it planned to offer 202.3 million shares in an IPO, while brokerage Techcom Securities, a week earlier, raised US$410 million in an IPO. REUTERS
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
More Culture
Don’t Pull Out of Germany
Merz’s stupidity is no excuse for a stupid response. Source link
Step inside the gorgeous, futuristic offices of Vast, the startup designing the next-gen space station
A tall baobab tree greets people inside the Long Beach, California, headquarters of Vast, an aerospace company that is building the space station of the future. It’s planted beneath a…
5 ways high-performing teams stay calm when everything’s on fire
When markets swing, plans break, inboxes explode, and everyone starts saying the situation is “unprecedented” again, most teams do what humans have always done under pressure: they grip…
Confused Trump Openly Admits Plot to Rig Midterms as Polls Turn Brutal
Last week, the Supreme Court gutted protections against racial gerrymandering, and Donald Trump is already urging Republicans to seize on it. Trump unleashed a Truth Social rant on Monday…