Vinhomes share sale said to raise $1.35b in Vietnam’s biggest issue

Vinhomes Times City residential buildings, developed by Vingroup JSC, stand near the entrance to Vincom Mega Mall Times City in Hanoi, Vietnam. Photographer: Brent Lewin/Bloomberg

An initial equity offering of Vinhomes JSC, the residential property development unit of Vingroup JSC, raised about $1.35 billion in the country’s biggest-ever issue after being priced at the top end of an indicative range, sources told Reuters on Monday.

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