Three SOEs to hold March IPOsThree State-owned enterprises (SOEs) will make initial public offerings (IPOs) in March, floating VNĐ2.5 trillion (US$110 million) worth of stakes in the market in the second wave of SOEs IPOs in 2018. The corporation will auction 114.8 million shares, an equivalent to 23 per cent of its charter capital of VNĐ5 trillion. Petrol dealer Thanh Le General Import-Export Trading Corporation (Thalexim) and Investment and Industrial Development Corporation (Becamex IDC) made IPOs in the last quarter of 2017. After three successful IPOs in January—of Bình Sơn Refining and Petrochemical, PV Power and PV Oil—the two latest IPOs of Viet Nam Rubber Group and EVN Generation Corporation 3 have failed to attract investor attention. Thus, the outlook for the next three IPOs is uncertain in the context of the volatile stock market.

Source: VietNamNet News February 28, 2018 04:18 UTC