VN IPO dealbook: PPI issues more shares, Thuong Dinh has successful IPO

VN IPO dealbook: PPI issues more shares, Thuong Dinh has successful IPO

Visual from Pacific Infrastructure Project Development & Investment Corporation website

After a series of unsuccessful IPO’s, Vietnam’s footwear firm Thuong Dinh not only sold out its shares, it was oversubscribed 12 times. Such successful IPOs are said to stem from the valuable tangible assets of the firms. Meanwhile, an affiliate of Civil Engineering Construction Corporation No 1, which was privatised last year, will issue a large tranche of over 25 million shares.

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