VPS raises IPO price in major capital move

VPS raises IPO price in major capital move

If the IPO successfully sells all 202.31 million shares at this new price, VPS anticipates substantial capital influx.

A trading floor of VPS in Hà Nội. — Photo courtesy of the company

VPS Securities JSC (VPS) has significantly revised its initial public offering (IPO) strategy, raising the minimum offering price from VNĐ22,457 to VNĐ60,000 (US$2.28) per share, a move expected to enable the company to raise over VNĐ12.1 trillion ($459.2 million) from the IPO.

The revised price, approved by VPS's Board of Directors, reflects the company's strong financial position and sustainable growth potential, as shown by the audited mid-year financial statements for 2025.

If the IPO successfully sells all 202.31 million shares at this new price, VPS anticipates a substantial capital influx.

The company plans to allocate nearly VNĐ9 trillion of the raised funds for margin lending, VNĐ900 billion for information technology infrastructure investments and VNĐ270 billion for human resource development.

The funds are expected to be utilised from 2025 to the end of 2027, with the margin lending capital earmarked for use until the end of 2026.

This IPO is part of a broader strategy approved during VPS's extraordinary general meeting in 2025, which includes issuing 710 million bonus shares, conducting a public offering of up to 202.31 million shares and a private placement of 161.85 million shares.

Following these actions, VPS aims to increase its total shares from over 570 million to more than 1.64 billion, raising its charter capital from VNĐ5.7 trillion to over VNĐ16.4 trillion.

In the third quarter of 2025, VPS continued its strong performance, capturing a 17.05 per cent market share in equity brokerage, an increase of 1.68 percentage points from the previous quarter.

For the first nine months of 2025, VPS reported a profit after tax of over VNĐ2.56 trillion, exceeding its total profit for 2024 and reflecting a remarkable 52.3 per cent increase from last year. 

Bizhub