Vietnam’s Hung Thinh Land Seeks At Least $200 Million From IPO
- Ho Chi Minh City-based builder eyes 10% stake sale early 2023
- Company sees market value at $2.1 billion after 2023 listing
Source: Hung Thinh Land
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Hung Thinh Land JSC plans to offer a 10% stake worth at least $200 million in an initial public offering that would give the Vietnamese developer an estimated market value of 50 trillion dong ($2.1 billion), the company said.
The builder of high-rise condominiums and vacation villas looks to issue 100 million shares to foreign and domestic investors early next year, the company said in an email responding to questions from Bloomberg News.