IPO

Update news IPO

20 foreign giants eye stake in Vietnam’s PV Oil

Nineteen companies have registered to buy a stake in PV Oil to become strategic shareholders when PV Oil launches its IPO, slated for early next year, according to a representative from PV Oil. 

Big players to enter bourse soon, changing the game

VietNamNet Bridge - Many shares will be put into transactions on the bourse soon, but analysts believe they will sell out as investors are more than ready to buy.

Dung Quat Oil Refinery IPO attracts foreign investors

VietNamNet Bridge - Seventeen investment funds have shown interest in Dung Quat’s IPO, expected to take place by the end of the year. 

VP Bank enters bourse, new billionaires appear

VietNamNet Bridge - Five VP Bank shareholders were added to the list of the 20 richest stock billionaires after VP Bank entered the bourse several days ago. 

Closer look at three companies to be divested by VNPT and EVN

In late August, Vietnam Posts and Telecommunications Group (VNPT) and Electricity of Vietnam (EVN) will divest their capital in three major companies with a total charter capital amount of VND1 trillion ($44 million).

BSR wants guaranteed loan for oil refinery upgrade

VietNamNet Bridge - Binh Son Refining & Petrochemical (BSR) is seeking a $1.26 billion government-guaranteed loan out of the total $1.8 billion needed to upgrade the Dung Quat Oil Refinery. 

Businesses rush to list shares after gov’t threatens sanctions

VietNamNet Bridge - The government’s threat to dismiss CEOs of public companies which deliberately delay share listing is expected to contribute to a ‘whirlwind’ of shares offered in the last six months of the year.

Will VNG list shares on Nasdaq?

VietNamNet Bridge - Cavico had to delist 10 years ago, an indication that it can be difficult for companies to enter foreign bourses.

Hidden billionaires show up after SOEs’ IPOs

VietNamNet Bridge - Many investors have spent hundreds or thousands of billions of dong to buy a stake in state enterprises. 

Snap arrives in London to woo skeptical investors ahead of IPO

 Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects,

BUSINESS IN BRIEF 1/9

Rice industry urged to change production custom; VN targets $3.5b worth rice exports by 2020; General economic census across VN to be conducted from March 2017: PM

Banks still unsure about listing shares on bourse

VietNamNet Bridge - Many banks began preparing to list shares on the bourse for many years, urged by the State Bank (SBV). But no further progress has been made.

Foreign investors eye food companies

VietNamNet Bridge - The success of Vissan’s IPO held earlier last week showed that foreign investors find the food sector in the country attractive.

VN State offloads shares in 16 IPOs, raises $90 million

 The State offloaded 147.7 million shares worth US$89.7 million in State-owned companies in 16 initial public offering auctions during the first quarter of this year, the Ha Noi Stock Exchange reported yesterday.

Vinalines earns profits three years after restructuring

The Vietnam National Shipping Lines (Vinalines) has reported that 2015 was the first year it registered a profit after three years of conducting a comprehensive restructuring plan.

Market sees large IPOs in March

The local market has seen some of the most attractive shares offered in initial public offerings (IPOs) in March.

Vietnam's IPOs underwhelm this year

 Vietnam's initial public offering (IPO) activity has been less than exciting in 2015 and that has been attributed to the lack of blockbuster deals.

Some giant companies fail to implement IPO plans in 2015

VietNamNet Bridge - Many businesses, including big conglomerates, failed to implement their IPO (initial public offering) plans in 2015, thus leaving investors disappointed. 

State waits 10 years to sell its stake in Vinamilk

VietNamNet Bridge - After earning big money from investment in Vinamilk, the country’s leading dairy producer, the state has finally decided to sell its stake.

Foreign investors welcome State-owned companies’ IPOs and lift on foreign-ownership ratio

VietNamNet Bridge - Bank shares and state-owned enterprises’ (SOEs) IPOs (initial public offering) have become highly attractive to foreign investors.