By Anshuman Daga
Techcombank’s IPO will be bigger than Warburg Pincus-backed Vincom Retail’s IPO last year, which raised about $700 million.
The tremendous scope for growth in fintech and retail banking sector in Vietnam is primarily driven by the demographics.
The wealth fund is in talks to buy less than $100 million of stock in the offering.
Vietnam is likely to see a record year for real estate M&A deals this year, according to JLL estimates.
The State currently owns 86.2% stake in the airline and it is offering for sale 57.9 million shares to existing shareholders.
In a directive, Prime Minister Nguyen Xuan Phuc told the State Bank of Vietnam, the Ministry of Public Securities and other bodies to tighten the “management of activities related to bitcoin and other cryptocurrency”.
“This is the best time to invest in early-stage companies because the funding environment is far more established,” says Victor Chua, Vynn Capital
Sterling and Wilson said it is in advanced discussions with local developers for the projects that entail a total investment of $250 million.
Grab claimed that the combined market share of Grab and Uber in Vietnam is lower than 30 per cent.
It launched a $96.8-million entity Vinfa JSC which will be engaged in production of vaccines and medical devices.