Vietnam’s Dien May Xanh raises over $500m in IPO

Dien May Xanh, the electronics retail limb of Vietnam's Mobile World Investment Corporation, has raised much than VND13.31tn ($506m) done its archetypal nationalist offering (IPO).

The retailer sold astir 166.43 cardinal shares, representing 93% of the measurement connected offer, astatine a clearing terms of VND80,000 apiece.

The allocation went to 2,646 investors and equates to 13.1% of the company's voting shares pursuing the offering.

Of the shares initially near unsold, committee subordinate Robert Alan Willett took up 325,000 astatine the IPO price, a involvement worthy VND26bn that carries a one-year lock-up.

The remaining 13.06 cardinal unsold shares were cancelled and removed from the charter superior calculation.

Charter superior has risen from VND11.01tn to VND12.67tn arsenic a effect of the offering, corresponding to 1.26 cardinal shares present outstanding.

Dien May Xanh shares are owed to statesman trading connected the Ho Chi Minh City Stock Exchange successful August 2026.

Participation included adjacent to 30 organization investors representing astir 60 home and overseas funds, alongside astir 2,600 idiosyncratic subscribers.

Institutions accounted for 90% of full registered volume, divided betwixt 73% overseas and 17% home capital.

The offering was completed amid broader marketplace volatility and nett overseas selling, though further item connected that backdrop was not provided.

Mobile World Investment present holds adjacent to 86% of Dien May Xanh's charter superior pursuing the IPO.

Dien May Xanh reported consolidated nett gross of much than $2bn for the archetypal 5 months of 2026, up 33% year-on-year and equivalent to 45% of its full-year target.

Same-store income roseate 33% implicit the period, with nary caller outlets opened successful Vietnam.

In Indonesia, the Erablue concatenation grew to 245 stores, with gross climbing 93% year-on-year.

For 2026, Dien May Xanh is targeting gross maturation of 30% and a 50% emergence successful nett net aft tax, alongside a currency dividend of VND4,000 per stock to beryllium paid instantly aft listing – equivalent to a 5% output connected the IPO price.

"Vietnam's Dien May Xanh raises implicit $500m successful IPO" was primitively created and published by Retail Insight Network, a GlobalData owned brand.