|
Vietinbank IPO draws 13,000 bidders
An initial public offering (IPO) was held yesterday at the HCM Stock Exchange for the State-owned Vietnam Bank for Industry and Trade, or Vietinbank, which drew a high number of buyers.
Almost 13,000 investors registered their participation, which included more than 12,800 Vietnamese and 29 foreigners.
Only three foreign institutions took part in the auction, compared to 104 domestic ones.
They registered to purchase nearly 56 million shares, more than four per cent higher than the 53.4 million equities on offer.
Local residents registered for more than 39.8 million shares; foreigners, 105,500; domestic organisations, 15.167 million; and foreign institutions, 805,000.
The bank's chairman, Pham Huy Hung, said the number of participants and their registered share volume in the context of the global economic crisis and the sluggish state of Viet Nam's stock market showed strong interest from investors.
The price was set to start at VND20,000 (US$1.18). Vietinbank has a charter capital of VND13.4 trillion ($800 million).
Viet Nam News
|
