Vietnamese Unicorn VNG to Seek Funds Ahead of U.S. Listing, Sources Say
- Technology firm may raise $200 million to $300 million
- Company plans to use proceeds to fuel further expansion
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VNG Corp., the Vietnamese online gaming firm backed by Singapore wealth fund GIC Pte, is considering raising fresh funds ahead of a potential U.S. listing, according to people familiar with the matter.
The company, whose investors also include Facebook co-founder Eduardo Saverin and Raj Ganguly’s B Capital Group, is seeking to raise $200 million to $300 million from both new and existing backers, the people said. The company intends to use the proceeds to bolster its expansion plans, they said, asking not to be identified because the information is private.