Textile firm enjoys successful IPO

Saturday, Jan 24, 2015 10:00

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

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