Vietnam’s Tech Startup VNG Withdraws Filing for IPO in US

Vietnamese internet startup VNG Ltd. withdrew its registration for an initial public offering in the US, raising questions about the gaming and messaging company’s growth plans.

The company determined not to conduct a registered offering at this time and plans to file a new registration in the future, according to a statement on the US Securities and Exchange Commission’s website Monday. The statement doesn’t provide any time frame or reasons for the withdrawal.

VNG, whose headquarters are in Ho Chi Minh City, declined to comment on the filing.

The company, considered one of Vietnam’s most promising tech startups, already postponed ...