VPS Securities closes IPO price at 60,000 VND/share

With a minimum offering price of VND60,000/share, VPS is estimated to earn a minimum of VND12,138.6 billion from the IPO.

The Resolution of the Board of Directors (BOD) of VPS Securities JSC dated October 13 has just been announced to determine the minimum offering price at the initial public offering (IPO).

VPS Resolution stated that, considering the position, financial capacity and development prospects in the coming period, and based on the survey of investors' interest level, the Board of Directors decided to approve the minimum offering price in the company's initial public offering of VND 60,000/share.  

With an estimated successful offering of 202.31 million shares at a minimum offering price of VND60,000/share, VPS will collect an expected minimum of VND12,138.6 billion.  

The proceeds from the offering will be used for the following purposes in order of priority: Investment in information technology infrastructure (VND 900 billion), Investment in human resource development (VND 270 billion) and Implementation of margin trading loans (VND 8,982 billion). The disbursement period is from 2025 to 2027.  

Plan to use capital from VPS IPO.

The price of 60,000 VND/share is currently the highest price among securities companies. Recently, the leading securities company in the industry in terms of profit, Techcom Securities (TCBS), completed its IPO with a selling price of 46,800 VND/share, expected to list 2.3 billion shares (code TCX) on HoSE on October 21 with a reference price equal to the IPO selling price.  

VPBank Securities (VPBankS) is also in the process of offering 375 million shares to the public at a price of VND33,900/share, expected to raise nearly VND12,713 billion. This value will make VPBankS' IPO the largest IPO in the history of the securities industry.  

On the stock market today, the stocks of the industry giants are all below 50,000 VND/share. Currently, SSI is trading around 41,000 VND.   - 42,000 VND/share, VIX hovers around 40,000 VND/share...

According to the previous plan, VPS is expected to conduct an IPO in the fourth quarter of 2025 - the first quarter of 2026 after being granted a certificate of registration for public offering of shares by the State Securities Commission.

Previously, on October 10, 2025, VPS had just completed the issuance and transfer of 710 million shares to existing shareholders, increasing its charter capital to VND 12,800 billion.

VPS has also adjusted its 2025 plan, increasing its net revenue plan by 3.5% from the original VND 8,500 billion to VND 8,800 billion and increasing its annual profit plan from VND 3,500 billion before tax and VND 2,800 billion after tax to VND 4,375 billion before tax - VND 3,500 billion after tax, respectively, an increase of 25% compared to the original plan.

Source: https://baodautu.vn/chung-khoan-vps-chot-gia-ipo-60000-dongco-phieu-d412538.html