Dien May Xanh is about to go public on the stock exchange.

(Dan Tri Newspaper) - Besides Mobile World, many large listed companies such as VPBank, Hoa Phat, Hoa Sen, Gelex... are also rushing to list their subsidiaries on the stock exchange.

Mobile World Investment Corporation (stock code: MWG) has just announced information about its plan to conduct an initial public offering (IPO) and list Dien May Xanh Investment Corporation (Dien May Xanh Company) in 2026.

This unit operates the retail sector for mobile phones, electronics, and home appliances under various brands such as The Gioi Dien May, TopZone, Dien May Xanh, Erablue, etc. The management of The Gioi Dien May stated that the IPO of Dien May Xanh shares is a strategic shift, opening a new phase with the expectation of maintaining double-digit profit growth.

Dien May Xanh is currently the "key" legal entity, contributing a large proportion to the group's revenue and profit. In the past 10 months, the The Gioi Dien May and Dien May Xanh chains contributed VND 87,000 billion in revenue, an increase of nearly 17% compared to the same period last year and equivalent to 68% of the group's total revenue.

Besides the IPO roadmap, Dien May Xanh also plans to privately issue 1% of its charter capital to key executives. The privately issued shares will be subject to an 18-month transfer restriction. The leaders of The Gioi Dien May will not participate in this private placement.

Similar to The Gioi Dien May (Mobile World), many large listed companies such as VPBank, Hoa Phat, Hoa Sen, Gelex ... are also rushing to list their subsidiaries on the stock exchange (Photo: DT).

Similar to Mobile World, many large listed companies such as VPBank, Hoa Phat, Hoa Sen, Gelex... are also rushing to list their subsidiaries on the stock exchange.

This move comes amidst favorable market conditions for new listings. Looking back, from 2021 to the present, we have seen very few IPOs, especially in 2022 due to low liquidity.

While liquidity has changed, the market capitalization of the stock market now accounts for over 50% of Vietnam's GDP. Liquidity has increased from a few trillion dong to an average of several tens of trillion dong, with some sessions experiencing spikes of approximately 3 billion USD.

Furthermore, the current capital structure has changed. While previously, the flow of money in the stock market mainly came from foreign investors and individual investors, now a new "force" involving domestic institutions is gaining a significant position.

Source: https://dantri.com.vn/kinh-doanh/dien-may-xanh-sap-len-san-chung-khoan-20251213162154107.htm