VPBank Securities Company (stock code: VPX) officially listed over 1.87 billion shares on the Ho Chi Minh City stock exchange this morning. This debut gives VPBankS a market capitalization of approximately 64,000 billion dong, equivalent to 2.4 billion USD, adding it to the list of 50 billion-dollar market cap companies on the exchange. In the securities sector, VPBankS now holds the third position by market capitalization, following TCBS and SSI.

The reference price for VPBankS shares in its debut session was 33,900 dong, with a 20% fluctuation range. After one hour of trading, the stock moved in line with broader market trends, adjusting to 33,000 dong.

VPBankS leaders observe the price board during the first ATO session. *Photo: Phuong Dong*

Mr. Vu Huu Dien, General Director of VPBankS, previously indicated that the initial price of 33,900 dong "does not accurately reflect the value" of the company. This pricing strategy was adopted to benefit both investors and the company during its initial public offering (IPO). According to Mr. Dien, this price places the company's price-to-earnings (P/E) ratio at 14.3 times this year, projected to fall below 12 times next year, which is notably lower than the industry average of about 23 times.

VPBankS completed its listing less than a month after its IPO, which was the largest capital raise in the market, exceeding 12,700 billion dong. Historically, companies often required 3-6 months to finalize listing procedures post-IPO. However, new regulations have streamlined this process, shortening the time to just 30 days and better safeguarding investor rights.

VPBankS currently boasts a charter capital of 18,750 billion dong. Its owner's equity stands at nearly 33,000 billion dong, positioning it second in the entire industry. VPBank remains the largest shareholder, holding approximately 1.5 billion shares, which constitutes about 80% of the capital.

For the first 9 months of the year, VPBankS reported a pre-tax profit of 3,260 billion dong. The company's total assets exceed 62,100 billion dong. Furthermore, its margin loan outstanding is approximately 27,000 billion dong, with projections to increase to 40,000 billion dong in the short term.