Expecting many IPO "blockbusters", 47.5 billion USD will be poured into the stock market

About $47.5 billion from IPOs could flow into the market over the next three years.

About $47.5 billion from IPOs could flow into the market over the next three years.

At the end of the trading session on December 31, 2024, the VN-Index reached 1,266.78 points, up 12.11% compared to the end of 2023. The market capitalization of stocks listed on HOSE reached more than VND 5.2 million billion, up 14.3% compared to the end of 2023.

The stock trading situation on HOSE recorded a good growth rate, the total stock trading volume in 2024 reached more than 195 billion securities with an average trading volume of nearly 781.84 million securities/day (up 0.83% over the same period in 2023), the total trading value reached nearly 4.6 million billion VND with an average trading value of 18,685 billion VND/day (up 22.4% over the same period in 2023).

Foreign investors' transactions in 2024 accounted for nearly 8.09% in volume and 10.38% in transaction value. In 2024, foreign investors net sold more than VND90,311 billion.

Notably, in the whole year of 2024, there was only one successful IPO (initial public offering) of DNSE Securities Company.

The IPO/Listing advisory market clearly shows a gloomy picture when the number of IPO/Listing deals in the past few years has been almost absent. This reduces the attractiveness of the Vietnamese stock market when there are no “new quality goods” listed on the stock exchange.

Looking back at the period 2006-2007, a series of famous enterprises "landed" on the stock exchange, pushing the VN-Index to its peak, helping investors make good money when entering the right wave. In just 2 years, HoSE welcomed more than 100 new stocks with a series of "names" such as VIC, FPT , BMP, PVD, BVS, Binh Dinh Minerals (BMC), Sudico (SJS), DHG, STB, SSI, ...

Mr. Le Anh Tuan, Investment Director of Dragon Capital, shared at the Investor Day 2025 event that he expected the next wave of IPOs to appear in 2027-2028, with an estimated 47.5 billion USD likely to "flood" into the Vietnamese stock market.

Of which, 12.8 billion USD is expected to come from the consumer sector with a series of big names such as Thaco Auto, Bach Hoa Xanh, Golden Gate and Highlands Coffee.

The scale of new listings in the financial services sector is also forecast to reach 5 billion USD with TCBS and VPS.

In addition, there are many large enterprises waiting in the technology and IT services sector with Viettel IDC, VNG Technology, Misa , VNPay (4.7 billion USD); the hotel sector with the listing of Vinpearl (2 billion USD); health care with Long Chau Pharmacy, Xuyen A (1.9 billion USD) and the entertainment sector Datviet Vac, Galaxy media (0.8 billion USD).

Along with the IPO, the deals to transfer the "dinosaur" Upcom to the HOSE are also highly anticipated, such as BSR in January, waiting for ACV, MCH with a total scale of about 20 billion USD.

Not only are there large IPO deals, experts believe that the "game" of moving floors from UPCoM to HOSE of many big companies such as ACV, BSR, MCH with a total scale of about 20 billion USD.

According to Dragon Capital experts, Vietnam will enter a new growth cycle in the next 5 years when (1) Vietnam enters an era of growth and political innovation; (2) A strong investment cycle is gradually emerging; (3) The Vietnamese market is a good investment opportunity thanks to the combination of growth potential and attractive valuation.

Source: https://baodautu.vn/ky-vong-no-nhieu-bom-tan-ipo-475-ty-usd-se-do-vao-thi-truong-khoan-d240619.html