Dien May Xanh Investment Joint Stock Company (DMX) recently announced it has completed its initial public offering (IPO), with over 166 million shares registered for purchase, equivalent to 93% of the offering.
According to the company, nearly 30 institutional investors, representing nearly 60 domestic and international investment funds, registered to purchase approximately 90% of the total shares. Foreign institutional investors accounted for 73% of the total registered volume, with domestic institutions making up the remaining 17%.
This outcome occurred amidst a challenging stock market, where liquidity has not strongly recovered and foreign investors have maintained a net selling trend over several periods. With an offering size of approximately 13,300 billion VND (over 500 million USD), this IPO is one of the largest by value in the market in recent years.
At an IPO price of 80,000 VND per share, DMX's projected market capitalization after the issuance will reach over 100,000 billion VND (nearly 3,9 billion USD).
Regarding business operations, the company reported consolidated revenue of 54,644 billion VND for the first 5 months of the year, a 33% increase year-on-year, achieving 45% of its annual plan.
In Indonesia, the Erablue joint venture recorded revenue of 1,560 billion rupiah (approximately 100 million USD), a 93% increase year-on-year. By the end of May, this chain had 245 stores and aims to expand to 500 stores by 2027.
DMX plans for 2026 to achieve revenue growth of 30% and after-tax profit growth of 50% compared to the previous year.
Doan Van Hieu Em, DMX's General Director, stated that the company will continue to expand its technology consumer ecosystem while also developing consumer financial services, installation, warranty, and equipment upgrade services.
According to the plan, DMX shares are expected to trade on the Ho Chi Minh City Stock Exchange (HOSE) from August this year. Investors participating in the IPO will receive allocation notices on 19/6 and make final payments for shares from 22/6 to 29/6.
Thi Ha
