Bamboo Airways shares are valued at VND82,280 (US$3.54) per share, 37 per cent higher than the company’s expected IPO price.
Viettel Post, a subsidiary of Viettel Corporation, was recognised as one of the top enterprises in terms of financial management capacity on the Viet Nam Stock Exchange in 2019 during an awards ceremony in the capital this week.
Bamboo Airways, a subsidiary of real estate developer FLC Group, is planning to issue an initial public offering (IPO) in 2020 to serve its expansion plans, Chairman and CEO of Bamboo Airways Trinh Van Quyet said.
Vietnam’s Bamboo Airways is looking to raise around US$100 million from its planned initial public offering in 2020 to expand its operation in one of the world’s fastest-growing aviation markets, the company said on Tuesday.
Three leading travel agencies in Viet Nam, which own a range of luxury hotels, look set to equitise by the end of next year.