On 18/8, VPBank Securities Joint Stock Company (VPBankS) announced a resolution of its board of directors to consult shareholders in writing. According to our sources, one of the matters requiring consultation is VPBankS's initial public offering (IPO) planned for later this year.

VPBankS is a subsidiary of Vietnam Prosperity Joint-Stock Commercial Bank (VPBank), with the bank owning a 99.9% stake. The company's charter capital reaches 15 trillion VND, ranking 4th in the Vietnamese securities industry.

As of the end of June, VPBankS's equity reached 18,194 trillion VND. In the first half of the year, the company achieved a post-tax profit of nearly 722 trillion VND, an 80% increase compared to the same period last year, placing it among the top 5 most profitable companies in the industry. Margin lending balance stood at 18 trillion VND.

During the trading session on 19/8, VPBank's VPB stock hit its ceiling price, reaching 34,200 VND per unit, the highest ever. Since the beginning of the year, the stock price has increased by 82%.

This year, another securities company, Techcom Securities Joint Stock Company (TCBS), also conducted an IPO. With an offering price of 46,800 VND per share, after the transaction, this company will have a market capitalization of about 108 trillion VND (approximately 4.1 billion USD).

The registration and deposit period for investors runs from 19/8 to 8/9, with a minimum purchase of 100 shares. Buyers are required to deposit an amount equal to 10% of the total value of the shares they wish to purchase.

Trong Hieu