VPBank Securities Eyes $3 Billion Valuation at Planned Listing

VPBank Securities JSC expects a market capitalization of about $3 billion at its planned listing on the Ho Chi Minh City Stock Exchange in December, according to Chief Executive Officer Vu Huu Dien.

The brokerage, a unit of Vietnam Prosperity JSC Bank, expects growth of over 30% per year in the 2026-2030 period, Dien said in an interview in Hanoi. The initial public offering is already oversubscribed, Dien said, adding that the company plans to announce a loan deal of $250 million in the next few days.

Last month, VPBankS, as the company is also known, announced it aims ...