TCBS completes IPO transaction.

VHO - Techcombank Securities (TCBS) recently announced the results of its initial public offering (IPO), which took place from August 19th to September 18th. This is one of the largest IPOs this year, and also the largest IPO in the domestic securities industry to date.

TCBS successfully distributed 231.15 million shares to 26,099 investors. (Illustrative image)

Accordingly, at the end of the offering, TCBS successfully distributed 231.15 million shares to 26,099 investors. Of these, 112.2 million shares were distributed to 26,014 domestic investors and the remaining 109.9 million shares belonged to 85 foreign investors.

With an offering price of VND 46,800 per share, TCBS raised VND 10,818 billion, resulting in a net proceeds (after expenses) of VND 10,729 billion. The capital utilization plan is divided into two parts: 70% for proprietary trading and 30% for brokerage, margin trading, and securities sales advances.

The IPO also recorded 41,693 unpaid shares due to some investors failing to pay the full purchase price. The TCBS Board of Directors decided to redistribute all of these shares to Ms. Nguyen Thi Thu Hien - General Director and Member of the Board of Directors of the company.

Following the issuance, TCBS's charter capital increased from VND 20,801.5 billion to VND 23,133.08 billion. This is also the highest charter capital among securities companies in Vietnam currently.

Regarding the shareholder structure after the IPO, 93.62% of the charter capital belongs to domestic investors with the participation of 26,879 individuals and 19 organizations. Foreign investors hold 6.38% of the charter capital through 61 organizations and 28 individuals.

In this structure, Vietnam Technological and Commercial Bank ( Techcombank , ticker symbol TCB) continues to be the largest shareholder, holding 79.82% of the capital. TCBS Chairman Nghiem Xuan Minh ranks second with a 5.34% ownership stake.

TCBS shares are expected to be officially traded on the stock exchange soon, in October of this year. The time from the IPO to the listing of shares has been shortened compared to before.

Government Decree 245, recently issued, has shortened the time required to list shares on the stock exchange to 30 days from the date of receipt of a valid application, while also removing barriers for foreign investors.

Source: https://baovanhoa.vn/kinh-te/tcbs-hoan-tat-thuong-vu-ipo-169991.html