Techcombank shares to be listed on HOSE on June 4The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will begin selling its 1.1 billion shares coded TCB on the Ho Chi Minh City Stock Exchange (HOSE) on June 4 with a starting price of 128,000 VND (5.62 USD) per share. Techcombank’s board of directors answered questions at the pre-listing conference on May 23At the price, the bank is valued at 149 trillion VND (6.5 billion USD), making it Vietnam’s second-biggest listed bank after State-owned Vietcombank at 192 trillion VND (8.4 billion USD). Techcombank’s capitalisation is even higher than that of the BIDV and Vietinbank, whose charter capital is three times higher in comparison. Last month, Techcombank raised 922 million USD in one of the country’s biggest initial public offerings (IPO). Last year, the bank’s total asset was 269.3 trillion VND (11.8 billion USD) and integrated pre-tax profit was 8 trillion VND (351.2 million USD), double than 2016.

Source: VietNamNet News May 24, 2018 03:45 UTC