Vietnamese electronics retail chain Dien May Xanh, a unit of retail giant Mobile World Investment Corp., raised around $505 million in its initial public offering this year, a company filing on Wednesday showed, marking one of the largest listings in Vietnam in the past two years.
Investors registered to buy about 166 million shares, or roughly 92.5% of the planned offering, raising around 13.29 trillion dong ($505 million), the filing said.
The company plans to debut on the Hochiminh Stock Exchange in the first week of August.
International investors accounted for about 73% of demand. Institutional investors made up roughly 90% of subscribers.
Dien May Xanh posted revenues of 43.6 trillion dong in 2025, an annual increase of 33%, the company said.
Reuters
