On May 18, Vinhomes JSC sold nearly 268 million shares via put-through transactions on the Ho Chi Minh Stock Exchange (HoSE).(Source: Vingroup) Hanoi (VNA) - The initial publicoffering of Vinhomes, the residential realty arm of property and retail giantVingroup, in May 2018 has been honoured the best share issuance deal of theyear in Asia and Vietnam by overseas media.
The 1.35 billion USD deal was recognised as theFrontier Markets Equity Issue 2018 by the International Financing Review Asia(IFR Asia), the Best IPO in Vietnam by The Asset, and the Best Vietnam Deal bythe Finance Asia.
On May 18, Vinhomes JSC sold nearly 268 millionshares via put-through transactions on the Ho Chi Minh Stock Exchange (HoSE).
The deal lured big attention from both domesticand foreign investors as the number of shares asked by potential investors wasfourfold the amount of shares offered for sale by Vinhomes.
The value of the deal was 30.7 trillion VND (1.35billion USD) and it was the biggest deal in the last two years, exceeding theIPO values of other firms such as VPBank, Techcombank, budget carrier Vietjetand Vincom Retail.
Since Vinhomes IPO, Vinhomes and Vingroup arethe two largest companies by market capitalisation in Vietnam. The two firmsare listing on HoSE with code VHM and VIC, respectively.
This is the second year in a row Vingroup hasits member companies honoured on the global equity market since its listing onthe HoSE on July 1, 2007.
In 2017, Vingroup’s retail arm Vincom Retail wonthe Best Private Equity Deal and Best Frontier Market Transaction awards fromFinance Asia and IFR Asia.
In the first three quarters, Vingroup earnedtotal 84 trillion VND in revenue and 3.3 trillion VND in post-tax profit, up47.2 percent and 11.2 percent year on year.
In the same period, Vinhomes recorded 22.4trillion VND in revenue and 12.2 trillion VND in post-tax profit, up 86 percentand nearly 400 percent, respectively.
Vingroup in 2018 issued 84 million preferredshares in a private placement deal to the Republic of Korea-based Hanwha AssetManagement Corporation. The value of the deal was 9.3 trillion VND and the dealwas considered by The Asset as the best M&A and share issuance deals in Vietnam.-VNA
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