New expectations for real estate capital flows from new listing wave

The vibrant stock market context encourages real estate businesses to go public. (Photo: PV)

Important indicators such as price index, capitalization and liquidity continuously broke records, setting new levels. This excitement has created an important premise for many businesses to conduct IPOs (initial public offerings) and listings.

According to data from the State Securities Commission, from May 2025, IPO transactions began to become more active in many fields such as banking, real estate, construction, etc. Notably, the debut session on HOSE on May 13 of more than 1.79 billion shares of Vinpearl Joint Stock Company (code: VPL) - a subsidiary of Vingroup - created a big push. With a valuation of up to 6 billion USD (closing price on May 13 was 85,500 VND/share), this enterprise quickly joined the group of the largest capitalization on the floor, creating more excitement after a long period of absence of "blockbuster" deals on the market.

Following the general excitement, the real estate sector also quickly recorded excitement when witnessing the appearance of a number of new "new recruits" with great potential for listing. For example, on the morning of August 1, Taseco Land's TAL stock officially debuted on the Ho Chi Minh City Stock Exchange (HOSE) with a ceiling increase of 20%, bringing the company's capitalization to over VND9,500 billion.

On September 30, HOSE also approved the listing of nearly 24 million NTC shares of Nam Tan Uyen Industrial Park Joint Stock Company, with a total listing value of nearly VND240 billion. Previously, the listing registration dossier was submitted by the enterprise in June and received by HOSE. The move to listing is considered an important turning point after many years of NTC shares trading on UPCoM.

Recently, on October 1, CRV Real Estate Group Joint Stock Company - the core legal entity of the Hoang Huy Group ecosystem - announced that it had received the listing approval decision from HOSE. Accordingly, HOSE agreed to list 672.4 million CRV shares, equivalent to a total par value of VND 6,724 billion.

Experts believe that now is the golden time for businesses to conduct IPOs or issue additional shares. Because the stock market has great advantages in terms of valuation. Increasing capital through listing and IPO brings many practical benefits to businesses.

According to experts, the driving force for the listing wave also comes from macro orientation. The Government is promoting the restructuring of state-owned enterprises in the 2022-2025 period with the goal of reducing the number of 100% state-owned enterprises to 195 by 2025 (from 478 enterprises at the end of 2022), creating a very large number of enterprises that need to be equitized and listed/IPO. At the same time, after a period of stagnation, many private corporations are also in need of raising equity capital to expand their business, instead of relying mainly on debt. The current vibrant stock market context further encourages these enterprises to "go public".

LE ANH

Source: https://nhandan.vn/ky-vong-moi-cho-dong-von-bat-dong-san-tu-lan-song-niem-yet-moi-post915108.html