Vietnam's equitisation drive seen intact despite EVN Genco 3's IPO flop

Vietnam's equitisation drive seen intact despite EVN Genco 3's IPO flop

Photo by Ngo Tung on Unsplash

Poor demand for the initial public offering (IPO) of Vietnam’s Power Generation Corp 3 was due to volatile markets and company-specific factors such as a high valuation, and should not derail the country’s privatisation drive, analysts and investors said.

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