Vincom eyes US$680m IPO

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Gabrielle Easter

BY GABRIELLE EASTER

@gab_produceplus

Vincom eyes US$680m IPO

Vietnamese retailer Vincom is launching what it set to be Vietnam’s largest-ever initial public offering

Vincom eyes US$680m IPO

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Vingroup subsidiary Vincom Retail is gearing up for what could be Vietnam’s largest-ever initial public offering (IPO).

The retail and shopping centre group is offering 380.22m shares in a deal that could be worth US$680m, according to Bloomberg.

Singapore fund GIC and Franklin Templeton Investments have reportedly agreed to purchase US$382m of the stock.

The business is backed by US private equity firm Warburg Pincus, and accounts for more than 60 per cent Vietnam’s modern retail industry.

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