Vietnam's most impressive IPOs in 2016 - News Summed Up

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Vietnam's most impressive IPOs in 2016

Many IPOs (initial public offerings) of large conglomerates did not occur as initially planned, but investors still sought out other impressive IPOs. The IPO brought revenue of VND907 billion.After the IPO, Vissan continued selling stakes to find strategic investors. Anco, which accepted to pay VND126,000 per share, has acquired 14 percent of Vissan’s stakes.2.Fico, a building material company, got VND263 billion from the IPO held on August 19, 2016. Only 3.9 million shares, or 20.4 million were sold.7.However, MIE, a machinery and industrial equipment, had the least number of salesThe IPO of the company finished quickly on November 21 as investors only registered to buy 160,900 shares, or 0.11 percent of shares, at the IPO. USD 1 = VND 22,000

Source: VietNamNet News January 11, 2017 07:12 UTC