By Quynh Nguyen
CyberAgent launched a $20m SE Asia fund in 2011 and a $50m fund in 2015.
Singapore’s sovereign wealth fund GIC is learnt to be among the foreign investors interested in picking up a stake in Vietcombank.
The company is seeking a market value of $13-13.5 billion with the IPO.
At the final price of $5.62 per share, the bank mopped up $922 million and was valued at $6.5 billion.
Vietnam Dealbook: PV Power to invest $1.5b in new plants, GPBank divests Kim Lien Hotel stake for $25m
PV Power’s proposed plants will be located in Southern Dong Nai province, have a combined capacity of 1,500 megawatts, and become operational in 2020-21.
FPT Retail listed 40 million shares on the Ho Chi Minh Stock Exchange (HOSE) at VND 125,000 ($5.53) apiece, valuing the company at VND 5 trillion ($220 million).
TPBank expects its market cap to rise to least $1 billion in the fourth quarter after its scheduled listing this month
The Vietnam vehicle will focus on investments in the retail and logistics space.
Singapore sovereign fund GIC and Fidelity Investments agreed to participate in the IPO as cornerstone investors.
ThaiBev, which has a more than 50% stake in Sabeco, complained to the Vietnamese government earlier this year that its proposed board members for Sabeco had not been accepted.