Vietnamese electronics retail chain Dien May Xanh, a unit of retail giant Mobile World Investment Corp., aims to raise around $546 million from its initial public offering this year, a company filing on Friday showed.
Dien May Xanh will offer 79.5 million common shares at 80,000 dong ($3.04) each, according to the filing.
The IPO aims to boost transparency, strengthen the company’s brand, and raise funds for growth, debt repayment, and business expansion.
It is the latest in a series of IPOs in Vietnam over the past two years, driven in part by stronger investor interest following an emerging market status upgrade by global index provider FTSE.
Vietcap Securities is acting as the IPO advisor.
The offering is scheduled to run from May 27 to June 17, 2026, with allocation results expected on June 18–19.
Dien May Xanh targets a 12% annual increase in revenue to 122.5 trillion dong in 2026, as well as a 27% rise in net profit to 7.35 trillion dong, according to the filing.
Reuters
