VTVcab to hold $263mn IPO in AprilViet Nam Television Cable Corporation Limited Company (VTVcab) will float nearly 42.3 million shares in its initial public offering (IPO) on April 17 on Ha Noi Stock Exchange. At an initial bidding price of VND140,900 ($6.18) per share, the company is valued at nearly VND12.4 trillion ($543 million). The time for the IPO is in line with the Prime Minister’s directive which asked the company to hold an IPO by June 30, 2018. Investors are expected to pay approximately VND6 trillion ($263 million) for the IPO shares. From the cable television system, VTVcab has expanded services to satellite digital TV and the latest, online television service.

Source: VietNamNet News March 15, 2018 10:30 UTC