VPBank Securities Joint Stock Company (VPBankS) has just announced the Resolution of the General Meeting of Shareholders (GMS) approving the plan for initial public offering (IPO). The registration for listing of shares will be carried out at the Ho Chi Minh City Stock Exchange (HoSE) or UPCoM, depending on the offering results.
According to the offering plan, VPBankS plans to issue a maximum of 25% of the total outstanding shares, equivalent to 375 million shares. The Board of Directors is authorized to decide the offering price, ensuring that it is not lower than the book value according to the audited 2025 semi-annual financial report of VND12,130/share.
After the offering, the maximum number of shares will reach 1.875 billion units, corresponding to an increase in charter capital of VND 18,750 billion. If all registered shares are offered, VPBank's charter capital will rise to the third position in the securities industry.
The expected offering period is from the third quarter of 2025 to the second quarter of 2026, after the State Securities Commission issues a certificate of registration for public offering of shares.
According to the capital usage plan, 30% of the proceeds from the offering will be used to supplement capital for investment and securities trading activities, the remaining 70% will be used to supplement capital for margin lending activities and other legal business activities of the company.
VPBank's capital usage plan (Screenshot).
The Vietnamese stock market has recently recorded a strong recovery, with the VN-Index continuously conquering new peaks, surpassing the record mark of 1,700 points in the session of September 5. Liquidity of the entire market has continuously set records, with many sessions reaching 70,000-80,000 billion VND.
Along with the IPO plan, VPBankS has also just announced a resolution on adjusting this year's business plan. Specifically, total revenue increased by 58% compared to the old plan, reaching 7,117 billion VND. Pre-tax profit was also adjusted to increase by 122% to 4,450 billion VND.
VPBankS is a unit in the VPBank ecosystem. By 2023, VPBankS had joined the "club of securities companies reporting profits of thousands of billions of VND" with a profit of 1,255 billion VND.
In the first half of this year, the company had a record pre-tax profit of nearly VND900 billion, up 80% over the same period last year, ranking in the top 5 of the industry. Total assets reached nearly VND51,000 billion with equity of nearly VND18,200 billion, ranking in the top 3 and top 4 of the entire market.
Source: https://dantri.com.vn/kinh-doanh/chung-khoan-vpbank-ban-co-phan-lan-dau-gia-toi-thieu-12130-dongco-phieu-20250904074942586.htm
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