Property developer Vincom Joint Stock Company sold all 5 million listed shares during its initial public offering (IPO) on the Ho Chi Minh City Securities Trading Centre on July 3, said Vincom board chairman Le Khac Hiep.
Prices per share ranged between 117,000 VND (10.31 USD) and 171,000 VND ( USD) and averaged at 120,000 VND, 40,000 VND more than the company’s initial bid of 80,000 VND a piece.
Market analysts described the auction as quite an achievement, due in part because investors registered to purchase 18.5 million shares, more than therefold what Vincom offered.
The company plans to officially list shares on the stock market in early August, said Hiep.
Source: VNA
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