Warburg-backed Techcombank to price $922m IPO at top end

Warburg-backed Techcombank to price $922m IPO at top end

Techcombank, the Vietnamese lender backed by Warburg Pincus, is setting a fresh record with its initial public offering.

The bank and some existing investors are set to raise about 21 trillion dong ($922 million) in the deal, which would become the country’s biggest-ever initial equity offering, people with knowledge of the matter said Monday. Techcombank is planning to price the sale of 164.1 million shares at 128,000 dong each, the top end of a marketed range, said the people, who asked not to be identified because the details are private.

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