F88 shares hit the ceiling on the day they landed on UPCoM

As soon as it opened, F88 increased by a dramatic 40% to VND888,800 per share. This event marked the first time a mortgage lending business in Vietnam was listed and publicly traded on the stock exchange. Not only is it a big step forward in the journey of information transparency, F88's listing also opens a new operating standard for legal pawnbroking in particular and the alternative finance industry in general - a field that has suffered from many prejudices and limitations in terms of access to capital.

Previously, on May 6, 2025, F88 was confirmed by the State Securities Commission as a public company, eligible to register for stock trading in accordance with the law. At the time of listing, F88's charter capital was more than VND 82.6 billion, equivalent to more than 8.26 million outstanding shares. The company has also been approved for a plan to issue bonus shares from the capital surplus at a rate of 1,200%, raising the expected charter capital to more than VND 1,100 billion. This is an internal capital structure activity, without diluting shareholders' interests, in preparation for a new growth phase in line with the scale of operations.

With the reference price on the first trading day of VND 634,900/share, F88 is currently the enterprise with the highest listed market price on all 3 stock exchanges.

“The official trading on UPCOM is not only a development milestone of F88 but also a pioneering step, opening a new transparency standard for the alternative finance industry in Vietnam. This is also an important preparation step in terms of public capital access capacity, to serve larger and longer-term business plans in the future. F88 clearly identifies that participating in the capital market is not only for more transparent supervision, but also a financial motivation to help businesses expand their scale, improve operating standards and get closer to the goal of listing on HOSE in the future, " said Mr. Phung Anh Tuan, Chairman of the Board of Directors of F88.

According to a special report published by FiinGroup in June 2025, the size of the Vietnamese pawn market's outstanding debt in 2024 is estimated to reach VND200 trillion, equivalent to USD8 billion. Of which, the "new generation pawn" group such as F88 is accounting for approximately 3.2% of the market share, showing that F88's growth potential in this field is still very large. Another special point is that while the number of traditional pawn shops is decreasing, the number of new generation pawn shops integrating technology, centralized management and diversified products is increasing rapidly.

To date, F88 operates 888 stores in 34 provinces and cities nationwide, accounting for about 70% of the total number of new-generation pawn shops nationwide. The company aims to reach 1,000 transaction points by 2026 and 2,000 stores by 2030. In addition to secured loan products, the company also promotes the development of micro-insurance and agency banking services. Through strategic cooperation with the Military Commercial Joint Stock Bank ( MBBank ), F88 has gradually built a model of "modern financial transaction office" providing basic services such as customer identification, deposit/withdrawal, money transfer, loan introduction, collection, payment...

Hiep Duc

Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/co-phieu-f88-tang-kich-tran-ngay-do-bo-san-upcom/20250808052249252