Masan Said to Consider Record Vietnam IPO for Beer, Noodle Maker

Vietnam’s Masan Group is considering listing its consumer unit, people familiar with the matter said, in what could potentially be the country’s biggest-ever initial public offering.

The conglomerate, based in Ho Chi Minh City, is working with financial advisers on an IPO of Masan Consumer Holdings that could raise $1 billion to $1.5 billion, the people said, asking not to be identified as the process is private. The share sale may take place early next year if market conditions suit, the people said.

Deliberations are ongoing and details such as size and timing could change, the people said.

A Masan ...