Singapore's GIC in talks to be lead anchor investor in Techcombank's $900m IPO

GIC Pte is poised to become the lead cornerstone investor in Techcombank’s Vietnam initial public offering, which could raise about $900 million, people with knowledge of the matter said.

The Singapore sovereign wealth fund is in talks to buy less than $100 million of stock in the offering, according to the people, who asked not to be identified as the process is private. Vietnamese fund manager Dragon Capital is also among parties in talks to become a cornerstone investor, the people said.

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