Vietnam's VPBank plans IPO for securities unit in November, sources say
An employee counts Vietnamese banknotes at a branch of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) in Hanoi, Vietnam November 15, 2017. REUTERS/Kham/ File Photo
HANOI :Vietnam Prosperity Joint Stock Commercial Bank plans to launch an initial public offering of its securities unit, VPBank Securities, in November, two sources with direct knowledge of the matter said.
The bank, known as VPBank, plans to offer 10 per cent of the unit's shares to investors, one of the sources said. The unit, VPBankS, has charter capital of 15 trillion dong ($570 million).
Source: Reuters
