The Viet Capital Securities will list on HoSE on Friday. — VNS Photo

Viet Captial Securities will list on the HCM City stock exchange on July 7 following initial public offering in June.

It will list 103.2 million shares at a reference price of VND48,000.

VCSC was launched in 2007 with a registered capital of VND360 billion ($15.8 million).

Now, a decade later, it stands at VND1.2 trillion ($52.6 million).

Between 2008 and last year the company achieved annual growth of 27 per cent a year and after-tax profit growth of 52 per cent a year.

Last year its revenues were worth VND894 billion ($39 million) and after-tax profit, VND338 billion ($14.8 million).

VCSC, a leader in investment banking, provides services like investment banking, institutional brokerage, retail brokerage, and research.

It has advised both local and foreign investors and most of Viet Nam’s major private and capital market transactions like the IPO and listings of PV Gas, Mobile World, Masan, Novaland, and VietJet Air; placements for Vinamilk, Techcombank and PV Drilling; M&A deals for Big C, Nguyen Kim and Petrovietnam Fertilizer and Chemicals Corp.

To Hai, the company’s director owns nearly 23 million shares, equivalent to 22.25 per cent.

Around 19 per cent of the shares is owned foreigners. — VNS