Vietnam has raised VND1.31 trillion ($57.7 million) from the initial public offering (IPO) of Vietnam Rubber Group (VRG) on Ho Chi Minh City Stock Exchange on February 2.
The proceeds were far lower than the state’s expectation of raising at least VND6.2 trillion ($273.1 million) from the IPO. Only 110.7 million shares were sold of the 475.1 million shares on offer in the auction.
