The IPO dilemma for Vietnam’s four tech unicorns
Unfavourable market conditions, regulatory constraints may be putting these firms off this exit option
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[HO CHI MINH CITY] An initial public offering (IPO) is music to the ears for both entrepreneurs and investors. They seek to reap rewards from their early bets on innovative businesses or tap a larger capital pool to drive growth.
Over in Vietnam, the tech community is still waiting for the first major local IPO of one of its home-grown startups to inspire more founders and venture capitalists who have mostly deployed their exit via trade sales.
The hopes largely rest on the South-east Asian country’s four tech unicorns – startups valued at over US$1 billion – with many investors hoping that one or more of them can do something about the dearth of tech listings on local bourses.
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