FPT Online to debut on UPCoM on December 10
FPT Online to debut on UPCoM on December 10
FPT Online Service Joint Stock Company will trade more than 14.08 million shares on the Unlisted Public Company Market (UPCoM) on December 10, according to an announcement by the Ha Noi Stock Exchange.
The shares, under code FOC, will start the first trading day at VND110,000 (US$4.7) per share. At this price level, the company’s market capitalisation will reach over VND1.5 trillion.
FPT Online was established on July 1, 2007 with initial chartered capital of VND40 billion. After more than 10 years of operation, the company has increased its charter capital to over VND140.8 billion, equivalent to over 14.08 million shares registered for trading.
The firm operates primarily in the areas of online advertising, games and music, as well as social networking and SMS services.
FPT Online will be the fifth member of the FPT Corporation to list on the stock market, along with FPT, FPT Retail (FRT), FPT Securities (FTS) and FPT Telecom (FOX).
In 2017, the company recorded revenue of nearly VND520 billion and after-tax profit of more than VND250 billion, a year-on-year increase of six per cent and 27 per cent, respectively.
This year, FPT Online targets revenue of VND570 billion and after-tax profit of VND267.2 billion.
