HA NOI (Biz Hub) — Minh Khai Textile successfully sold 1.6 million shares, or a 51.5 per cent stake, during its initial public offering (IPO) yesterday at the average price of VND71,990 (US$3.4).
Remarkably, the starting price was only VND10,100 ($0.47).
The auction attracted 30 investors, whose registration volume later climbed to 26.8 million shares. The buyers were three individual investors, who paid VND118.7 billion ($5.57 million) for the shares.
Minh Khai Textile's charter capital after the IPO is VND32 billion ($1.5 million). — VNS