Vietnam Prosperity JSC Bank, known as VPBank and backed by Sumitomo Mitsui Financial Group, plans an initial public offering of its securities unit later this year, according to people familiar with the matter.
VPBank Securities, or VPBankS, is seeking shareholders’ approval for the planned IPO, which is expected to take place in the fourth quarter, the people said, asking not to be named as the information is still private. Deliberations are ongoing and details such as the size and timing of the potential share sale may change, according to the people.
The possible IPO will add to ...
