Enterprise

VPS Announces Minimum IPO Price of VND 60,000 per Share

Late in the afternoon on October 13th, the Board of Directors of VPS Securities JSC (VCK) passed a resolution approving changes to their previously announced IPO plan. Notably, the minimum offering price was set at 60,000 VND per share, aiming to raise over 12.1 trillion VND.

Administrator

14 October, 2025

Specifically, the minimum initial public offering (IPO) price has been revised upward from VND 22,457 per share to VND 60,000 per share for a maximum of 202.31 million shares in the upcoming IPO.

“Considering the company’s position, financial capabilities, and sustainable growth prospects in the coming period, along with investor interest, the Board of Directors has decided to supplement and approve a minimum offering price of VND 60,000 per share for the initial public offering” – stated the VPS Board of Directors.

Assuming the full issuance of 202.31 million shares at the minimum price of VND 60,000 per share, VPS is projected to raise over VND 12.1 trillion. Of this amount, approximately VND 8,983 billion will be allocated for margin lending, VND 900 billion for IT infrastructure development, and VND 270 billion for human resource development. The funds are expected to be utilized from 2025 to 2027, with margin lending extending until the end of 2026.

VPS’s Capital Allocation Plan

Source: VPS

This is one of three capital increase plans approved by VPS’s second extraordinary shareholders’ meeting in 2025, including the issuance of 710 million bonus shares, IPO of up to 202.31 million shares, and a private placement of 161.85 million shares. These initiatives will increase the total number of shares from over 570 million to more than 1.64 billion, raising the chartered capital from VND 5.7 trillion to over VND 16.4 trillion, nearly tripling its size.

With the newly announced minimum price of VND 60,000 per share and a post-offering circulating share count of over 1.48 billion, VPS’s valuation stands at nearly VND 89 trillion, equivalent to approximately USD 3.4 billion (based on current exchange rates).

During the “VPS The Next Chapter” event on October 12, VPS announced its anticipated stock code as VCK.

According to the Ho Chi Minh City Stock Exchange (HOSE), VPS’s market share in equity brokerage for Q3/2025 reached 17.05%, a 1.68 percentage point increase from the previous quarter. Additionally, the company’s after-tax profit for the first nine months of the year exceeded VND 2,564 billion, a 52% year-on-year growth.

Huy Khải

– 19:54 13/10/2025