The initial public offering (IPO) of Binh Son Refining and Petrochemical Company Limited (BSR) in the fourth quarter of this year is expected to lure big investors, especially those with value, given the company’s mammoth capitalisation.
Cavico had to delist 10 years ago, an indication that it can be difficult for companies to enter foreign bourses.
The requirements set by the world’s leading stock markets can be met by many Vietnamese businesses, experts say.
PM approves corporation's plan, with 30% available for strategic investors.
Valuation made as at January 1, 2016, with IPO to be conducted later this month.
Vietnam's sole refinery operator Binh Son Refinery (BSR) said on Thursday it has been valued at 72.88 trillion dong ($3.21 billion) as at end-2015, as it prepares for an initial public offering (IPO) late this year.
Companies seek IPOs as Vietnam pushes bilateral ties following TPP setback.
VietJet Aviation Joint Stock Co. is in talks to become the first company in Vietnam to list its shares on a stock exchange overseas.
