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Over 1.2 billion SeABank shares listed on HoSE
On Wednesday morning, Southeast Asia Commercial Joint Stock Bank was officially listed on the Ho Chi Minh Stock Exchange (HoSE) under the ticker symbol "SSB", marking the third bank to be listed this year.
A total of 1,208,744,208 SSB shares were listed with a reference price of VND16,800 a share, equivalent to a market capitalisation of nearly VND20.31 trillion.
After the ATO (an order to buy or sell a stock at the session's opening price), SSB shares climbed nearly 20 per cent to VND20,150 a share, pushing up the bank's market capitalisation to over VND24.35 trillion (more than US$1.05 billion).
"The listing of SeABank shares on HoSE is an important event in the bank development process, leaving a new mark in its operation, affirming its inner strength and reinforcing its position in the market," Nguyen Thi Nga, Vice Chairwoman of the Board of Directors of SeABank, said.
"The listing also expresses the transparency and liquidity of the shares and brings maximum benefits for shareholders."
With over 1.2 billion potential shares joining the market, domestic and foreign investors will have one more appealing choice to consider, Nga added.
Last year, the bank posted a net revenue of nearly VND3.1 trillion, up 5.8 per cent year-on-year, according to its fourth quarter results. Its profit after tax also increased by nearly 24 per cent over the same period in 2019 to VND1.36 trillion.
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