Jeweler Bao Tin Manh Hai Eyes Vietnam IPO as Gold Market Evolves

Bao Tin Manh Hai Jewelry JSC, one of Vietnam’s largest gold retailers, is preparing for an initial public offering in the fourth quarter as it pursues an aggressive expansion plan and seeks to capitalize on gold reforms aimed at opening up the market.

The Hanoi-based jeweler is in the pre-IPO phase and expects to begin marketing the share sale through investor roadshows in June, Chairman Vu Hung Son said in an interview. Son declined to disclose the fundraising target, but said the company plans to sell at least a 15% stake in the offering.