Vietnam Air IPO Fails to Lure Foreigners After 6-Year Wait
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Vietnam Airlines Corp. raised $51.3 million in an initial public offering today that failed to attract a single foreign institution, underscoring the challenges facing the government’s privatization program.
The Hanoi-based state-owned carrier sold the entire 49 million shares at an average price of 22,307 dong in the auction at the Ho Chi Minh City Stock Exchange. That’s equivalent to a