Vinpearl returns to HoSE on May 13, valued at nearly 5 billion USD

Ho Chi Minh City Stock Exchange (HoSE) announced the listing and first trading day of Vinpearl Joint Stock Company (code VPL). Accordingly, more than 1.79 billion VPL shares will officially trade on HoSE on May 13 with the reference price on the first trading day being VND71,300/share. With this price, the capitalization of the "giant" in the resort real estate industry is valued at more than VND127,862 billion (equivalent to more than USD4.92 billion). The fluctuation range for the first session is +/- 20%.

Previously, in February 2025, Vinpearl completed an additional public offering of more than 70 million shares from January 17, 2025 to February 5, 2025 at an offering price of VND 71,350/share. The reference price is approximately the same as the offering price in the most recent issuance. This offering also helped Vinpearl increase its charter capital to VND 17,933 billion and successfully mobilize VND 5,000 billion to increase its financial capacity to expand operations in the coming period.

According to the update in the prospectus, as of April 11, 2025, the company has 117 shareholders, all of which are domestic, of which 144 are individuals and 3 are institutional shareholders. Vingroup Corporation (code VIC - HoSE) is currently the largest shareholder at Vinpearl, owning 85.55% of the charter capital of this unit. Of which, Vingroup directly owns 85.51% of the capital and 0.04% is indirectly owned through Vincom Security Services LLC and Vinbus Ecological Transport Services LLC. Vinpearl currently has 5 subsidiaries.

Vinpearl Joint Stock Company, formerly Hon Tre Tourism Development, Trade and Service Investment Company Limited, was established on July 25, 2001 with an initial capital of 60 billion VND. The company currently has a charter capital of more than 17,933 billion VND. The company's main business line is short-term accommodation services (Details: Hotels, villas or apartments providing short-term accommodation services; eco-tourism areas).

On November 15, 2024, the State Securities Commission confirmed that the company had completed its registration as a public company. On December 26, 2024, the Vietnam Securities Depository and Clearing Corporation announced the certification of stock registration and the issuance of stock code VPL to Vinpearl Joint Stock Company.

The upcoming IPO date also marks the return of the stock code VPL. 13 years ago, the sensational merger between Vinpearl and Vincom was completed, marking the appearance of Vingroup Corporation - Joint Stock Company (renamed from Vincom Joint Stock Company) and the stock code VPL was delisted after shareholders received VIC shares in exchange.

Completed 5% of profit plan in the first quarter of the year

Regarding the business results in the first quarter of 2025, Vinpearl achieved net revenue of nearly VND 3,000 billion, up 76.6% over the same period. Of which, the core segment of hotel, tourism and entertainment services brought in VND 2,437 billion in revenue, up 45%. Real estate activities recorded VND 535 billion for the first time. Gross profit reached VND 818 billion, up more than 3 times over the same period. Profit after tax reached VND 90 billion in the first quarter. In 2025, Vinpearl set a revenue target of about VND 14,000 billion and profit after tax of VND 1,700 billion. Thus, after the first quarter, the enterprise has completed 21% of the revenue plan and 5% of the profit plan for the whole year.

By the end of the first quarter, Vinpearl's total assets reached more than VND78,000 billion, of which equity accounted for VND35,586 billion. Financial debt was more than VND12,000 billion, mainly long-term debt.

Source: https://baodautu.vn/vinpearl-tro-lai-san-hose-vao-135-dinh-gia-gan-5-ty-usd-d279174.html