VPBank plans to offer up to 25% of shares in the IPO, expanding foreign "room" to 100%

VPBanks shareholders have approved the plan to issue up to 375 million shares in the IPO along with the plan to list shares on HoSE. The foreign “room” has also been increased to a maximum ceiling of 100%.

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) and registering to list shares on 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 to domestic and foreign individuals and organizations in need, equivalent to 375 million shares. After the offering, the maximum number of shares will reach 1.875 billion units, corresponding to an increase in charter capital from VND 15,000 billion to VND 18,750 billion. If all registered shares are offered, VPBankS' charter capital will rise to the third position in the securities industry.

The Board of Directors is authorized to decide on the offering price, ensuring that it is not lower than the book value according to the audited 2025 semi-annual financial report of VND 12,130/share. 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 General Meeting of Shareholders also passed a resolution to increase the maximum foreign ownership ratio to 100%. In addition, VPBank has also completed the appointment of an independent member of the Board of Directors (BOD), approved the Charter and regulations as well as the equity audit unit. Accordingly, VPBank has just elected an additional independent member of the Board of Directors, Mr. Nguyen Quang Trung, bringing the total number of members in the Board of Directors to 4 people.

The Vietnamese stock market has recently recorded a strong recovery, with the VN-Index continuously conquering new peaks, approaching the 1,700-point mark. Liquidity in the entire market has continuously set records, with many sessions reaching 70,000 - 80,000 billion VND. VPBanks also said that the implementation of the IPO plan and stock listing aims to increase value for shareholders. The vibrant stock market is the golden time for the company to implement the IPO deal, thereby strengthening its financial potential and accelerating growth.

Source: https://baodautu.vn/vpbanks-du-kien-chao-ban-toi-da-25-co-phan-trong-dot-ipo-noi-room-ngoai-len-100-d378529.html