On May 18, Vinhomes JSC sold nearly 268 million shares via put-through transactions on the Ho Chi Minh Stock Exchange (HoSE).— Photo Vingroup
The initial public offering of Vinhomes, the residential realty arm of property and retail giant Vingroup, in May 2018 has been honoured the best share issuance deal of the year in Asia and Viet Nam by overseas media.
The US$1.35 billion deal was recognised as the Frontier Markets Equity Issue 2018 by the International Financing Review Asia (IFR Asia), the Best IPO in Viet Nam by The Asset, and the Best Vietnam Deal by the Finance Asia.
On May 18, Vinhomes JSC sold nearly 268 million shares via put-through transactions on the Ho Chi Minh Stock Exchange (HoSE).
The deal lured big attention from both domestic and foreign investors as the number of shares asked by potential investors was fourfold the amount of shares offered for sale by Vinhomes.
The value of the deal was VND30.7 trillion ($1.35 billion) and it was the biggest deal in the last two years, exceeding the IPO values of other firms such as VPBank, Techcombank, budget carrier Vietjet and Vincom Retail.
Since Vinhomes IPO, Vinhomes and Vingroup are the two largest companies by market capitalisation in Viet Nam.
The two firms are listing on HoSE with code VHM and VIC, respectively.
Their shares ended Tuesday at VND77,500 ($3.4) per share and VND102,000 per share, valuing the two firms at VND259.6 trillion and VND325.5 trillion, respectively.
This is the second year in a row Vingroup has its member companies honoured on the global equity market since its listing on the Ho Chi Minh Stock Exchange (HoSE) on July 1, 2007.
In 2017, Vingroup’s retail arm Vincom Retail won the Best Private Equity Deal and Best Frontier Market Transaction awards from Finance Asia and IFR Asia.
In the first three quarters, Vingroup earned total VND84 trillion in revenue and VND3.3 trillion in post-tax profit, up 47.2 per cent and 11.2 per cent year on year.
In the same period, Vinhomes recorded VND22.4 trillion in revenue and VND12.2 trillion in post-tax profit, up 86 per cent and nearly 400 per cent, respectively.
Vingroup in 2018 issued 84 million preferred shares in a private placement deal to the South Korea-based Hanwha Asset Management Corporation. The value of the deal was VND9.3 trillion and the deal was considered by The Asset as the best M&A and share issuance deals in Viet Nam. — VNS