GIC to invest in Vietnamese mall operator's US$680m IPO

Hong Kong

VINCOM Retail JSC, the Vietnamese mall operator backed by Warburg Pincus, has started taking investor orders for a domestic initial public offering that could raise as much as US$680 million.

Existing shareholders including Warburg Pincus and Credit Suisse Group AG are offering a combined 380.2 million shares at 37,000 to 40,600 dong (S$2.20 to S$2.42) apiece, according to terms for the deal obtained by Bloomberg.