Vinhomes seeks up to $1.4b in Vietnam’s biggest equity 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

Vinhomes JSC, the residential property developer of conglomerate Vingroup JSC, launched an equity issue of up to $1.4 billion on Monday, making it the country’s biggest-ever IPO in a market, drawing strong interest from global and local funds.

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