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Sai Gon Port received $19 million from IPO

Jul 2nd at 13:31
02-07-2015 13:31:18+07:00

Sai Gon Port received $19 million from IPO

Sai Gon Port Company Limited (Sai Gon Port) raked in VND411 billion (US$19 million) from selling 35.7 million shares from its initial public offering (IPO) on Tuesday, according to the HCM Stock Exchange.

The average price per share was VND11,514 and the price per share ranged from VND11,500 to VND22,500.

The successful sales volume was equal to 16.5 per cent of the company's charter capital.

There were 39 investors, including Vingroup Corporation, Vietnam Prosperity Bank (VPBank) and Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank).

Sai Gon Port targets VND2.16 trillion ($100 million) in charter capital after the privatisation, including 64 per cent owned by the Government.

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