Vietnam: HDBank to sell 20% stake in December IPO at $1.5b valuation

Vietnam: HDBank to sell 20% stake in December IPO at $1.5b valuation

Ho Chi Minh City Development Bank, the financial arm of Vietnam’s first female billionaire Nguyen Thi Phuong Thao, commonly known as HDBank, is planning a $300-million IPO this year with a target to list in the first quarter of 2018.

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