According to documents sent to shareholders, SSI Securities Corporation's current charter capital is 19.738 trillion VND. This was once the highest in the securities sector but was recently surpassed by Techcom Securities (TCBS) at the beginning of June.

SSI is currently offering 104 million shares to several investors to raise capital to 20.779 trillion VND, still about 23 billion VND lower than TCBS. Although this offering hasn't concluded, SSI plans to offer an additional 415.5 million shares to existing shareholders this year or in 2026. If successful, their charter capital will increase to 24.934 trillion VND, reclaiming the top spot in the market.

SSI's management board announced the expected offering price is 15,000 VND, equivalent to one-third of the share's market price. The estimated 6.2 trillion VND raised will supplement margin lending capital and investments in bonds, certificates of deposit, and other securities.

On the stock exchange, SSI shares are trading at 41,600 VND, the highest price since the company's listing at the end of 2006. In the past two months, this stock has increased by almost 70%. As a result, the market capitalization has reached 82 trillion VND, far exceeding other companies in the same industry.

SSI's plan is the latest development in the capital-raising race among securities companies. Since the beginning of the year, dozens of companies have announced plans to increase their capital from several times to several tens of times. Yesterday, TPS also planned to offer about 288 million shares to TPBank to increase its capital to nearly 6.24 trillion VND.

According to a VnExpress survey, the smaller the company, the larger the capital increase plan. The funds raised are mainly injected into margin lending, as this has become the main source of revenue when brokerage services no longer contribute significantly.

Le Hoang Tan, Deputy General Director of ACBS, stated that the recent trend of increasing capital is an internal race among domestic securities companies. Foreign enterprises are absent from this race because the interest rate differential and exchange rate fluctuations have caused parent companies abroad to postpone injecting capital into their subsidiaries in Vietnam.

Phuong Dong