TCBS completes IPO

VHO - Techcom Securities Company (TCBS) recently announced the results of its initial public offering (IPO) that lasted from August 19 to September 18. This is one of the largest IPOs this year, and also the largest IPO in the domestic securities industry to date.

TCBS successfully distributed 231.15 million shares to 26,099 investors. Illustrative photo

Accordingly, at the end of the offering, TCBS successfully distributed 231.15 million shares to 26,099 investors. Of which, 112.2 million shares were distributed to 26,014 domestic investors and the remaining 109.9 million shares belonged to 85 foreign investors.

With the offering price of VND46,800/share, TCBS raised VND10,818 billion, net income (after expenses) reached VND10,729 billion. The capital use plan is divided into two parts, of which 70% is for proprietary trading activities and 30% is for brokerage, margin trading and advance payment for securities sales.

The IPO also recorded 41,693 unpaid shares because some investors did not pay enough money to buy. TCBS's Board of Directors decided to redistribute all these shares to Ms. Nguyen Thi Thu Hien - General Director and Member of the Board of Directors of the company.

At the end of the issuance, TCBS's charter capital increased from VND20,801.5 billion to VND23,133.08 billion. This is also the highest charter capital among securities companies in Vietnam today.

Regarding the shareholder structure after the IPO, 93.62% of charter capital belongs to domestic investors with the participation of 26,879 individuals and 19 organizations. Foreign investors hold 6.38% of charter capital through 61 organizations and 28 individuals.

Of which, Vietnam Technological and Commercial Joint Stock Bank ( Techcombank , stock code TCB) continues to be the largest shareholder, holding 79.82% of capital. TCBS Chairman Nghiem Xuan Minh ranks second with a 5.34% ownership ratio.

TCBS shares are expected to be officially traded on the stock exchange in October this year. The time from IPO to listing has been shortened compared to before.

The newly issued Decree 245 of the Government has shortened the time to list shares on the stock exchange to 30 days from the date of receiving valid documents, while removing barriers for foreign investors.

Source: https://baovanhoa.vn/kinh-te/tcbs-hoan-tat-thuong-vu-ipo-169991.html