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More Vietnamese enterprises apply for IPO registration in the US


VNG Limited, a shareholder of VNG, is expected to offer to the public (IPO) class A common shares on the NASDAQ Global Select Market with the trading code “VNG”.

Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and BofA Securities, Inc. will be the underwriters for this IPO. The transaction size and the asking price range have not been determined yet. 

Founded in 2004, VNG has strived to rise from a 5-person start-up company to become a technology company with the largest pure Vietnamese digital ecosystem in Vietnam, with products and services closely linked. essential to the daily lives of millions of users. 

According to Newzoo, VNG is currently the leading game publisher in the Vietnamese market and is expanding rapidly in the global market, and also owns Zalo, the most popular messaging application in Vietnam with more than 75 million active users. monthly, according to F&S.

Other typical products of VNG include Zing MP3 (the largest online music platform in Vietnam with more than 28 million monthly active users, according to F&S) and ZaloPay (the fastest-growing e-wallet with the fastest growth rate). in Vietnam, according to F&S). 

The filing for registration under the Form F-1 will continue to be regulated and has not been made effective by the United States Securities Exchange Commission (SEC). 

Subject to rule 135e of the Securities Act, Class A common stock may not be offered for purchase or sale in the United States without registration under the United States Securities Act of 1933 (the "Securities Act"), unless the These securities are offered for purchase or sale in transactions that are exempt or not subject to the above registration requirements.

Any public offer to purchase related to this security in the United States will be conducted through a valid application that can be obtained from VNG Limited, containing details of the company and management team. management, as well as financial statements.



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