Vietnam's NextPay aims to raise $60-100m in pre-IPO private placement

Photo: MPOS Technology JSC

Vietnamese e-payment solutions provider NextPay Holdings is mulling a private placement to raise around $60-100 million in the first quarter of next year, ahead of a planned stock market listing in 2022.

The company is looking at institutional and strategic foreign investors for the private placement and will offer them a 20 per cent stake, Nguyen Huu Tuat, the firm’s co-founder and CEO, told DealStreetAsia on Tuesday. The company is in talks with five investors from the US, Japan, and South Korea, he added.

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