HANOI — Vietnam’s Techcom Securities has raised 10.82 trillion dong ($410 million) in an initial public offering, the firm said on Friday, one of the country’s largest IPOs this year.
The company, a unit of lender Techcombank , sold all of the 231.15 million shares offered, at a price of 46,800 dong apiece, it said in a statement.
The IPO comes as Vietnam is pushing to have its stock market status upgraded to emerging market, with the finance minister on Tuesday expressing confidence that a long-coveted upgrade by global index provider FTSE Russell would be confirmed next month.
Techcom Securities sold 52.44 percent of the shares to domestic investors and 47.56 percent to foreign investors and foreign corporate entities largely owned by foreign investors.
It did not say when the shares would be listed on the stock market.
