Vietnam’s OCB Expects a $1 Billion Market Value After Listing
- Lender to offer up to 25 percent stake to foreign investors
- Bank to list 750 million shares in Ho Chi Minh City this year
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Vietnam Orient Commercial Joint Stock Bank expects its market capitalization to rise to $1 billion after its planned listing on the country’s benchmark bourse during the second half of the year, according to Chairman Trinh Van Tuan.
The 22-year-old bank, also known as OCB, plans to list 750 million shares on the Ho Chi Minh City Stock Exchange late third quarter or early fourth quarter, said Tuan, who would not disclose the planned initial price.