Vietnamese Internet Platform VNG Postpones US IPO
- Internet platform was advised to hold off planned share sale
- Firm has been exploring US listing since at least 2017
This article is for subscribers only.
Vietnam-based internet startup VNG Ltd. has decided to postpone its plans for a US initial public offering, according to a person familiar with the matter.
After seeing mixed performances by a trio of newly public companies this month, VNG was advised to hold off until market demand improves, said the person, who asked not to be identified because the information was private. The IPO could be postponed until next year, the person said.