IPO

Update news IPO

Poor sales of SOEs blamed on stingy sellers

The State, the seller of state-owned enterprises (SOEs), fears that it may sell shares at a loss and is thus hindering sales.

Vinalines to launch IPOs in Q1

 The Vietnam Shipping Lines Corporation (Vinalines) set to launch initial public offerings in the first quarter of 2015, General Director Le Anh Son announced.

Investors resume interest in VN seaports

 VietNamNet Bridge - Investors are showing their interest again in seaports, as shown by purchase of shares at recent IPO of Nghe Tinh Port.

Foreign investors show little interest in IPOs of State-owned enterprises

Foreign investors’ indifference to Vietnamese state-owned enterprises’ (SOEs) initial public offerings (IPOs) is feared to hinder the plan to equitize 432 SOEs in 2015.

200 SOEs set for IPOs in Q3 next year

 The Ministry of Finance plans by the end of this year to complete a list of 200 State-owned enterprises (SOE) for equitization and their initial public offerings (IPO) will be launched in the third quarter of next year.

Private investors show interest in state-owned enterprises

 VietNamNet Bridge – State-owned enterprises (SOEs) under equitization are turning out to be very attractive in the eyes of private investors.

Ben Thanh Tourist succeeds in IPO

VietNamNet Bridge – Ben Thanh Tourist Service Company sold 5.93 million shares to investors at its initial public offering last week at the lowest winning bid of VND21,000 each, double the starting price of VND10,500.

VN to sell many SOEs by year-end

 VietNamNet Bridge – A number of equitized state-owned enterprises’ (SOEs) initial public offerings (IPOs) will take place in the last months of the year.

Vietnam Airlines to perform IPO in mid-Nov.

 VietNamNet Bride – The Ho Chi Minh City Stock Exchange has announced to hold the IPO auction of the national carrier Vietnam Airlines’ shares on November 15. This is one of the most anticipated auctions in 2014.

Vinatex launched initial public offering (IPO)

 The Vietnam National Textile and Garment Group (Vinatex) launched an initial public offering (IPO) on September 22, announced the Ho Chi Minh Stock Exchange.

Alibaba raises price of share sale as demand increases

 Chinese online giant Alibaba has increased the price range of its initial public offering (IPO), meaning it could raise more than $25bn (£15bn) when it lists in New York.

Vinalines to use proceeds from subsidiaries’ IPOs to restructure debt

 VietNamNet Bridge - The government has allowed the Vietnam Shipping Lines Corporation (Vinalines) to use proceeds from the IPO (initial public offering) of its subsidiaries to restructure debt.

MoF leader explains equitisation-boosting measures

 VietNamNet Bridge – The Vietnamese government is taking various measures to boost sluggish equitisation and achieve the target of 432 equitised enterprises by the end of 2015.

Vietnam Airlines to hold IPO in November

According to information released by Vietnam Airlines’ CEO in the Wall Street Journal, the national air carrier will issue shares to the public for the first time (IPO) in November, and will sell 5% of shares to investors to raise $70.6 million.

Large corporations warned about IPO risks

 VietNamNet Bridge – Though the VN Index is on the rise, market liquidity remains weak, with large corporations reluctant to launch initial public offerings (IPOs) to help them raise funds.

Key investors of VNA remain unknown

 VietNamNet Bridge – Who will be strategic shareholders of Vietnam Airlines Corporation (VNA) remains a secret though an initial public offering (IPO) of the biggest State-owned enterprise in the civil aviation sector has a few months to go.

SOEs seek strategic partners in vain

 VietNamNet Bridge – Seeking strategic partners is one of the problems facing State-owned enterprises (SOEs) during their equitisation process.

BUSINESS IN BRIEF 22/5

 Dinh Vu closes on deep sea access; Nam Van Phong refinery still in infancy, six years on; Haiphong Port IPO offers poor return; Central bank spends big on core banking; NA deputies question efficiency of bauxite projects

BUSINESS IN BRIEF 18/5

 HCM City vows to protect businesses targeted by rioters; CT Group launches dragon fruit orchard in Australia; New regulations target multilevel marketing; UOB ready to acquire GP Bank; Petrol re-exports allowed

Finding strategic shareholders not easy, Vietnam Airlines is warned

Zero Hedge has released its ranking of the best 20 stock markets in the first quarter of the year, in which Vietnam ranks second. How will this affect the initial public offering plan of Vietnam Airlines, the national flag air carrier?