- Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) has undertaken an IPO on the Ho Chi Minh City Stock Exchange (HOSE).
- The bank has issued more than 1.3 billion shares, valued at $1.73 per share.
- The listing gives the bank a market capitalisation of approximately D51.97 trillion ($2.3 billion), making it the fourth largest bank in Vietnam.
- The bank intends to offer 15% of its shares as a private placement following the IPO.
- VPBank focuses on consumer credit and the small and medium-sized enterprises (SMEs) market in Vietnam.
Katrin Kostadinova - Data analyst