The stock market in the last months of 2025 is in a vibrant IPO phase, especially in the securities group. Notable among these is the initial public offering (IPO) of VPS Securities JSC.

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As of now, investors have just over 24 hours left to complete their registration to buy IPO shares via the VPS SmartOne application, VPS's official website or at the headquarters, branches and authorized distributors. The deadline will end at 5:00 p.m. on November 6, 2025.

A previous announcement from VPS said that the IPO process will be conducted in the following phases:
- Register to buy and deposit: From October 16 to November 6, 2025, investors register to buy and deposit VPS IPO shares.

- Summary of results and stock allocation: From November 7 to November 9, 2025, VPS will determine the final offering price, summarize the list and volume of shares allocated to each investor.

- Payment for purchase: From November 10 to 5:00 p.m. on November 14, 2025, investors pay for purchasing IPO shares according to the allocation results announcement.

- Announcement of stock purchase results: Before 5:00 p.m. on November 20, 2025, VPS or distributors will announce the stock purchase results to investors, including the number of successfully purchased shares and the refund amount (if any).

- Refund (if any): VPS will refund the amount (if any) to the investor within 5 working days from receiving confirmation from the State Securities Commission that the blocked account has been released.

- Delivery of Share Ownership Certificates: VPS or distributors will deliver Share Ownership Certificates to investors within 30 days from the end of the offering.

The company said that the above timelines can be flexibly adjusted to suit the actual situation and current legal regulations.

Experts say that VPS's IPO is one of the outstanding events of Vietnam's financial industry in 2025, not only because of the large scale of mobilized capital, but also because of VPS's position - the leading securities company in brokerage and trading market share.

According to the announced roadmap, after IPO and stock exchange listing, VPS will move to the development phase "VPS 2.0" - focusing on expanding the scale of operations, promoting digital transformation and developing new financial products.

(Source: VPS Securities Joint Stock Company)

Source: https://vietnamnet.vn/co-hoi-cuoi-de-dang-ky-mua-co-phieu-ipo-vps-2459585.html