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Investing.com -- VPBank Securities, a brokerage owned by Vietnam Prosperity Bank, expects its initial public offering to be oversubscribed due to strong interest from institutional investors, the company’s chief executive said on Thursday.
"Institutional investors have subscribed to shares worth around 6 trillion dong ($227.82 million)," VPBankS CEO Vu Huu Dien stated.
Among the prominent participants in the IPO are Dragon Capital, one of Vietnam’s largest funds, and domestic VIX Securities, according to Dien.
The brokerage plans to officially offer its shares on the Ho Chi Minh Stock Exchange in December.
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