VPBank plans Vietnam IPO for securities unit later this year
Vietnam's VPBank is set to list its securities unit on the Ho Chi Minh Stock Exchange later this year, according to recent developments. The company aims to raise capital through this initial public offering (IPO) to bolster its financial position and expand its market reach.
VPBank Securities, a subsidiary of Vietnam Prosperity Joint Stock Commercial Bank (VPBank), is slated to go public. The securities unit, previously known as ASC Securities Joint Stock Company, has been operating under the name VPB Securities Coporation since 2015. The company's business scope includes equity brokerage, corporate financial advisory, margin lending, and financial market trading.
The IPO is expected to help VPBank Securities secure additional funds, which can be used for various strategic initiatives, such as expanding its client base, enhancing its financial advisory services, and improving its overall market presence. The company's charter capital has been increased twice in recent years, reflecting its growing ambitions.
VPBank Securities has a significant market presence and has been instrumental in Vietnam's financial ecosystem. The company's securities unit, VPB Securities Coporation, is listed on the OTC exchange and has a market capitalization of VND 15,000 billion. The company's financial indicators, including EPS, BVPS, and dividend, are available on its website, providing investors with a comprehensive overview of its financial health.
The IPO is a significant milestone for VPBank and its securities unit. It reflects the company's commitment to growth and its vision for the future. Investors and financial professionals are advised to stay tuned for further updates on the IPO process and the company's progress.
References:
[1] https://theinvestor.vn/acquirers-of-weak-banks-get-reserve-ratio-incentive-policy-d16712.html
[2] https://finance.vietstock.vn/VPBankS-vpb-securities-coporation.htm?languageid=2
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