Dien May Xanh, the electronics retail arm of Vietnam’s Mobile World Investment Corporation, has raised more than VND13.31tn ($506m) through its initial public offering (IPO).
The retailer sold approximately 166.43 million shares, representing 93% of the volume on offer, at a clearing price of VND80,000 apiece
The allocation went to 2,646 investors and equates to 13.1% of the company’s voting shares following the offering. Of the shares initially left unsold, board member Robert Alan Willett took up 325,000 at the IPO price, a stake worth VND26bn that carries a one-year lock-up. The remaining 13.06 million unsold shares were cancelled and removed from the charter capital calculation.
Charter capital has risen from VND11.01tn to VND12.67tn as a result of the offering, corresponding to 1.26 billion shares now outstanding. Dien May Xanh shares are due to begin trading on the Ho Chi Minh City Stock Exchange in August 2026. Participation included close to 30 institutional investors representing nearly 60 domestic and overseas funds, alongside roughly 2,600 individual subscribers.