On September 16, 2025, Hoa Phat Agricultural Development Joint Stock Company (HPA) submitted its initial public offering (IPO) application to the State Securities Commission, planning to sell up to 30 million shares at a price not lower than 11,887 VND/share. HPA intends to use the funds raised from the IPO to invest in farms and animal feed factories, and to expand production. Shares are expected to be listed on the Ho Chi Minh City Stock Exchange under the HPA code in December 2025.
In 2024, HPA’s revenue was 7,084 billion VND, a 12.2% increase from 2023, with a gross profit of 1,462 billion VND, an increase of 169%. In the first half of 2025, revenue reached 4,325 billion VND, with gross profit at 1,206 billion VND and net profit soaring to 939 billion VND, 2.3 times higher than the same period in 2024. Hoa Phat has been involved in agriculture since 2015 and has established a leading position with significant products like animal feed and a large market share in chicken eggs.
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