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Vietnamese IPOs raise record-breaking funds

Companies in the F&B and property sectors have been able to raise nearly US$1 billion and above on the back of keen investor interest and strong economic growth.

Wed, Jul 04, 2018 - 5:50 AM

HARISH MEHTAbtnews@sph.com.sg

Vietnam's largest private-sector bank, Techcombank, in April launched what was then billed as the biggest IPO, successfully raising US$922 million.

PHOTO: REUTERS

THERE is no puffery in the fundraising targets that Vietnam's privately-owned companies are setting for their initial public offerings (IPOs) on the country's stock markets. The extraordinary thing is that those records are being broken by the next IPO that comes along.

Vietnam's largest...