Vietnam Rubber Group targets raising $273m in Feb IPO

State-owned Vietnam Rubber Group (VRG) will offer 475.1 million shares, equivalent to nearly 25 per cent of its charter capital, for sale in its initial public offering (IPO) scheduled for February. With the starting price set at $0.59 apiece, VRG expects to raise nearly VND6.2 trillion ($273.1 million) from the share sale.

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