On December 2, the Board of Directors of VPBank Securities JSC (VPBankS) passed a resolution approving the reference price of VPX shares at VND 33,900 per share for its first trading session on the Ho Chi Minh City Stock Exchange (HOSE). This price is based on the initial public offering (IPO) price.
The Chairman of the Board and/or the CEO are authorized to handle related matters and complete the listing and registration procedures for VPX shares on HOSE.
At this price, VPBankS’ market capitalization reaches nearly VND 64 trillion, making it a billion-dollar enterprise on the stock market. Previously, the company submitted a listing application for 1.875 billion shares under the ticker symbol VPX, with plans to list in December 2025.
On November 12, VPBankS completed a record-breaking IPO of 375 million shares at VND 33,900 per share, increasing its charter capital from VND 15 trillion to VND 18.75 trillion. This transaction elevated the company’s equity to nearly VND 33 trillion (excluding retained earnings from Q4 2025), ranking it second in the industry.
The IPO attracted significant interest from individual and institutional investors, both domestic and international, including major players like Dragon Capital and VIX Securities. Oversubscription highlighted strong market demand.
The capital raised will strengthen VPBankS’ financial position, enabling expansion across four strategic business pillars: investment banking (IB), margin lending, proprietary trading, and brokerage. The company aims for 32% annual growth over the next five years, targeting the top position in total assets and pre-tax profit by 2030.
VPBankS detailed its IPO in a promotional event held in October 2025.
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Listing on HOSE, Vietnam’s most prestigious exchange, underscores VPBankS’ leadership in the securities industry. The company commits to enhancing corporate governance, ensuring transparency, and building trust with investors and the public.
As a listed company, VPBankS will adopt best practices in governance and implement environmental, social, and governance (ESG) policies, driving long-term sustainable growth.
In the first nine months of 2025, VPBankS reported pre-tax profit of VND 3.26 trillion, nearly four times higher than the same period last year. Total assets reached VND 62.1 trillion by Q3, with margin lending exceeding VND 27 trillion, ranking third in the industry. Post-IPO, margin lending capacity increased to over VND 66 trillion.
Beyond financial achievements, VPBankS surpassed 1 million trading accounts by mid-November 2025, accounting for nearly 10% of the market.
| VPBankS’ Profit Surges in the First Nine Months of 2025 |
VPBankS is the sole securities company within the VPBank ecosystem. Since its launch in 2022, it has rapidly become a leader in the industry, winning consecutive Asia Pacific Enterprise Awards for “Outstanding Enterprise in Asia 2025” and “Fast-Growing Enterprise.”
With strengthened capital, ecosystem, technology, and talent, VPBankS aims to become a top securities and investment banking firm, pioneering personalized financial solutions for all customer segments.
– 10:50 04/12/2025
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