On May 13, Vinpearl (VPL) officially traded on HoSE at a reference price of 71,300 VND/share. The stock swiftly surged to its ceiling price of 85,500 VND/share, resulting in over 1 million buy orders. Vinpearl’s market capitalization soared above 150 trillion VND (approximately 6 billion USD), placing it among the top 10 most valuable companies on the stock exchange. This marks the largest listing event in Vietnam since 2018.
The ecosystem of billionaire Pham Nhat Vuong added Vinpearl, increasing the combined market capitalization of the Vingroup family to around 1 trillion VND, accounting for 13% of the entire market.
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