May 23, 2018 / 3:17 AM / a month ago

Vietnam lender Techcombank to make market debut on June 4 in $6.5 bln listing

HANOI, May 23 (Reuters) - Vietnamese lender Techcombank will list on the Ho Chi Minh Stock Exchange on June 4, according to a filing to the stock exchange published on the bank’s website on Wednesday.

At the reference price, the bank is valued at 149 trillion dong ($6.54 billion). Shares are allowed to move 20 percent higher or lower than the reference price on the first day of listing.

The bank raised $922 million last month in one of the country’s biggest offerings. ($1 = 22,769 dong) (Reporting by Mai Nguyen; Editing by Kim Coghill)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below