A wave of IPOs is supporting stock prices on the Vietnamese market, with many subsidiaries preparing for listing. Gelex (GEX) is expected to IPO its infrastructure segment, while Hoàng Huy (TCH) has completed the listing dossier for its subsidiary CRV. Techcombank (TCB) also plans to IPO TCBS, contributing to a remarkable increase of over 52% in TCB’s stock since late April. VPBank (VPB) has seen an impressive stock price increase of over 80% thanks to news of an IPO in Q4. Similarly, VIB has risen 22% since early July, linked to Kafi Securities. Vingroup exemplifies the benefits of listing subsidiaries, demonstrated by significant growth in VIC due to listings like Vinpearl. The IPO boom will undoubtedly put significant pressure on the stock market.
Leave a Reply