Construction firm expected to stir up IPO market
The Song Hong Corporation under the
Ministry of Construction will make an initial public offering (IPO) of
30 million shares via the Hanoi Stock Exchange (HNX) on November 5.
The Song Hong Corporation under the
Ministry of Construction will make an initial public offering (IPO) of
30 million shares via the Hanoi Stock Exchange (HNX) on November 5.
Experts say with an initial price of 14,000 VND, shares of the Song Hong Corporation – a construction giant of a great number of realty, industrial and energy projects – are expected to stir up the gloomy IPO market.
Although the HNX-Index and the HOSE-Index are on the increase with the traded value of each session reaching trillions of VND, only 20 businesses have made their IPOs through the HNX and the Ho Chi Minh Stock Exchange (HOSE) so far this year.
Of the figure, HOSE organised six IPOs, a sharp drop from 16 last year. The number of IPOs organised by the HNX was also equivalent to one-third of last year’s total.
Securities experts said that without the participation of big businesses with strong trademarks, IPOs fail to attract investors, leading to unsuccessful IPOs or low IPO share prices.
In addition, sluggish transactions on unlisted markets prevent investors from pouring their investment into IPO to focus on the listed market./.
Experts say with an initial price of 14,000 VND, shares of the Song Hong Corporation – a construction giant of a great number of realty, industrial and energy projects – are expected to stir up the gloomy IPO market.
Although the HNX-Index and the HOSE-Index are on the increase with the traded value of each session reaching trillions of VND, only 20 businesses have made their IPOs through the HNX and the Ho Chi Minh Stock Exchange (HOSE) so far this year.
Of the figure, HOSE organised six IPOs, a sharp drop from 16 last year. The number of IPOs organised by the HNX was also equivalent to one-third of last year’s total.
Securities experts said that without the participation of big businesses with strong trademarks, IPOs fail to attract investors, leading to unsuccessful IPOs or low IPO share prices.
In addition, sluggish transactions on unlisted markets prevent investors from pouring their investment into IPO to focus on the listed market./.
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Ample room for Quang Ninh to attract FDI
The northeastern province of Quang Ninh has ample room to attract foreign direct investment (FDI) and realise the goal of attracting 3 billion USD in FDI this year and 10 billion USD in the 2020-2025 period.
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
