“SSI Stock Soars to New Heights: Record Market Cap Has Investors Betting on Digital Assets”

Since the beginning of the year, SSI's stock has surged over 50% in market value, pushing its market capitalization to over VND 77 trillion.

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The Vietnamese stock market has just witnessed a spectacular turnaround, with the VN-Index surging nearly 54 points to recover all its losses from the previous session. SSI shares were a prominent leader in this rebound, skyrocketing to the upper limit with no sellers.

This breakthrough pushed SSI to a new peak of 39,200 VND per share, marking an increase of over 50% since the beginning of the year. As a result, market capitalization also hit a record high of over 77 trillion VND. This solidifies SSI’s position as the top-ranked securities company in terms of market capitalization.

SSI’s robust performance can be partly attributed to investors’ optimism about its Q3 and H2 financial results, given the favorable market conditions with booming liquidity, consistently hovering around 2 billion USD. Additionally, the prospect of an upgrade has never been clearer, providing a positive boost to the securities group as a whole and SSI in particular.

Moreover, SSI Digital (SSID), a subsidiary of SSI, is expected to be among the pioneers in operating a digital asset exchange. Although there is no official confirmation yet, the legalization of digital assets and the rapid development toward establishing this market have fueled investors’ expectations.

SSI is currently in the process of offering over 104 million shares to professional securities investors. The offering price is set at 31,300 VND per share, approximately 15% lower than SSI’s current market price.

The issuance is planned for Q3 and Q4/2025, pending written approval from the State Securities Commission of Vietnam (SSC). The newly issued shares will be restricted from transfer for one year from the end of the offering period.

With expected proceeds of over 3,255 billion VND, SSI intends to allocate 50% to supplement capital for investing in deposit certificates and the remaining 50% for margin lending activities. If successful, SSI’s chartered capital will increase to nearly 21 trillion VND.

According to SSI’s announcement, 18 professional securities investors are offered shares, including 14 organizations and 4 individuals. Notably, funds under Dragon Capital are offered the largest number of shares.

Specifically, Vietnam Enterprise Investments Limited is offered 16.8 million shares, Amersham Industries Limited 10 million shares, DC Developing Markets Strategies Public Limited Company 3.8 million shares, Hanoi Investments Holdings Limited 8.4 million shares, and Samsung Vietnam Securities Master Investment Trust 1 million shares.

Daiwa Securities Group Inc., part of Japan’s Daiwa Group, is also offered nearly 16 million shares. Currently, this organization holds over 301 million SSI shares, representing 15.26% of the company’s charter capital. Mr. Kosuke Mizuno, a member of SSI’s Board of Directors, serves as a senior executive at Daiwa Securities Group Inc.

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