Economy

Friday, May 25, 2018, 10:49 GMT+7

​Vietnam lender Techcombank to make market debut on June 4 in $6.5 bln listing

At the reference price, the bank is valued at 149 trillion dong ($6.54 billion)

Vietnamese lender Techcombank will list on the Ho Chi Minh Stock Exchange on June 4, according to a filing to the stock exchange published on the bank’s website on Wednesday.

At the reference price, the bank is valued at 149 trillion dong ($6.54 billion). Shares are allowed to move 20 percent higher or lower than the reference price on the first day of listing.

The bank raised $922 million last month in one of the country’s biggest offerings.

Reuters

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