VPBank offers shares to the public at 33,900 VND/share

VPBank Securities Joint Stock Company (VPBankS) announced a public offering of shares at a price of VND33,900/share and a quantity of 375 million units.

VPBanks is expected to conduct an initial public offering (IPO) with a total capital mobilization value of nearly VND12,713 billion. With an offering of 375 million units at a price of VND33,900/share, VPBanks is valued at about VND63,562 billion (more than USD2.4 billion) after the IPO. From now until October 31, each investor can register to buy a minimum of 100 shares and a maximum of 93.75 million shares (equivalent to 5% of charter capital after issuance), with a volume step of 100 shares. The deposit is equal to 10% of the total registered purchase value. The registration and share allocation results will be announced from November 1 to 2, with the time to receive money to buy shares from November 3 to November 7. The company plans to list its shares in December 2025.

VPBanks shares are sold at 33,900 VND/share. PHOTO: T.XUAN

VPBankS shares are distributed through 3 agents: Vietcap Securities, SSI Securities and Saigon - Hanoi Securities (SHS) and 12 distribution and offering support units. At the offering price of VND 33,900/share, VPBankS's P/E ratio (price to net profit) is 14.3 times, while P/B (price to book value) as of the end of the third quarter of 2025 is estimated at 2.5 times - both are lower than the general market level.

Mr. Vu Huu Dien - General Director of VPBankS said that VPBankS is currently focusing on four pillars, including investment banking (IB), including debt capital market (DCM) and equity capital market (ECM); margin lending; securities brokerage; proprietary trading and financial investment. VPBankS's strategy is to develop a multi-channel business model, not only applied to brokerage but also to distribution of bonds and financial products. The company operates three main distribution pillars, corresponding to three customer groups, including financial institutions, individuals and large enterprises. Thanks to this structure, the company minimizes risks when depending on a single channel. The growth potential of the DCM market in Vietnam is still very large. Currently, the size of the corporate bond market has only reached about 11% of GDP, while that of countries in the region fluctuates around 25% of GDP. When Vietnam reaches regional parity, the market size will expand and create great opportunities for bank-backed securities companies like VPBankS.

In addition, VPBankS continues to invest in information technology and artificial intelligence (AI). The company has nearly 200 IT and AI experts, among the leading groups in the market, and is expected to increase to about 300 experts by 2026. Each year, VPBankS plans to spend 3-5% of its after-tax profit on technology investment, focusing on upgrading the website and trading applications, as well as upgrading the smart investment assistant StockGuru.

Source: https://thanhnien.vn/vpbanks-chao-ban-co-phieu-ra-cong-chung-voi-gia-33900-dong-co-phieu-185251016142938241.htm