What's special about VPBank's shares, which went public so quickly?

(NLĐO) – Just 30 days after its record-breaking IPO, VPBank's securities company officially listed its shares on the stock exchange, with a market capitalization of over $2.4 billion.

December 11-12, The Ho Chi Minh City Stock Exchange (HoSE) held a ceremony to present the listing decision and celebrate the official trading day of VPBank Securities Company's shares (VPBankS, ticker symbol VPX).

Accordingly, 1.875 billion VPX shares were listed on the HoSE with a reference price of VND 33,900 per share, and a trading range of ±20% in the first session. After listing, VPBank's market capitalization reached approximately VND 64,000 billion (equivalent to over USD 2.4 billion).

Mr. Vu Huu Dien, General Director of VPBankS, said that the first trading session was a historic milestone as nearly 1.9 billion VPX shares officially appeared on the HoSE price board. Notably, this listing event took place less than 30 days after VPBankS completed its record-breaking initial public offering (IPO) (compared to 3-6 months with the previous process), raising nearly 12,713 billion VND.

This IPO attracted significant capital inflows from individual and institutional investors, both domestic and international, including major players such as Dragon Capital and VIX Securities.

Established in 2022, VPBankS is the only securities company within the VPBank banking ecosystem. Starting with a capital of just a few hundred billion VND, after more than 3 years, VPBankS has made a breakthrough, becoming one of the three securities companies with the largest equity capital.

VPBank's General Director Vu Huu Dien performed the ceremonial gong-ringing to inaugurate the first trading session of VPX on the HoSE.

At the end of the first nine months of 2025, the company recorded a profit of VND 3,260 billion, four times higher than the same period last year; total assets reached VND 62,100 billion, and outstanding margin loans amounted to nearly VND 27,000 billion, ranking third in the entire industry.

With the additional capital raised following the IPO, VPBank's total margin lending limit has been expanded to over VND 66,000 billion, with remaining lending capacity at approximately VND 40,000 billion. Simultaneously, in November, VPBank reached the milestone of 1 million accounts, equivalent to nearly 10% of the total securities accounts across the entire market.

At the end of the morning trading session, VPX shares were trading at 30,400 VND, down 10.3% from the opening price.

VPX shares were listed on the stock exchange this morning.

Earlier, at the end of October, another "giant" company, Techcombank Securities (TCBS, ticker TCX), also listed over 2.31 billion shares on the HoSE exchange shortly after its IPO. With a reference price of 46,800 VND per share, TCBS's market capitalization reached over 108,000 billion VND on its debut.

It is expected that in December, the market will also await the official listing of VCK shares of VPS Securities Company after receiving its ticker symbol.

Source: https://nld.com.vn/len-san-chop-nhoang-co-phieu-vpbanks-co-gi-dac-biet-196251211122549426.htm