F88’s shares reached 1,038,000 VND/share on August 21, becoming the only stock in Vietnam over 1 million VND. Chairman Phùng Anh Tuấn explained that the high share price is due to the total number of shares being only over 8 million, making them rare. In the next 1-2 months, F88 plans to split its shares, potentially reducing the price to about 100,000 VND/share. F88 is not issuing new shares; current trades are mainly internal and stock options sales. Tuấn stated that the current price reflects the company’s true value, previously appraised at 350 million USD in 2023. CFO Trần Mai Thảo noted that the initial price of 634,900 VND/share was carefully calculated and the market is valuing it higher. F88 plans a pre-IPO round in early 2026 and aims for a valuation of 1 billion USD by 2027, with projected growth rates of 30% for loan balances and 20% for revenue.
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