VPBanks sets IPO date from October 10

The time for registration and deposit to buy VPBankS IPO shares is from October 10 to October 31, 2025. The time for notification of registration results and share allocation is from November 1 to November 2, 2025.

On September 30, 2025, the State Securities Commission (SSC) issued Certificate of Registration for Initial Public Offering of Shares No. 332/GCN - UBCK to VPBank Securities Joint Stock Company (VPBankS). Accordingly, the company registered to offer 375,000,000 shares to the public.

According to the latest announcement of VPBankS, investors can register to buy and deposit to buy IPO shares from October 10 to October 31, 2025. The deposit value is equal to 10% of the total registered purchase value.  

Time to receive money to buy shares from November 3 to November 7, 2025. Time to announce results of registration to buy and allocate shares from November 1 to November 2, 2025.  

The minimum number of registered shares per investor is 100 shares and the maximum number of registered shares is not more than 93.75 million shares. Investors can buy at VPBankS and agents including Vietcap, SSI and SHS.

In this IPO, VPBankS offered 375 million shares to the public at an offering price of VND33,900/share. The total expected value of the mobilization is VND12,712 billion. After a successful IPO, VPBankS's charter capital will also be increased to VND18,750 billion.  

If VPBank's IPO successfully raises VND12,712 billion, the value of the IPO will surpass the recent IPO of Techcom Securities Corporation (TCBS).  

Regarding the capital usage plan, VPBankS plans to use 30%, equivalent to nearly VND 3,814 billion, for securities investment and trading activities; 68%, or VND 8,645 billion, for margin lending activities and the remainder for sales advance activities.

As of the end of the second quarter of 2025, the total assets of this securities company were at VND 50,901 billion, mainly concentrated in Cash (VND 14,773 billion), FVTPL Assets (VND 15,203 billion) and loans (VND 17,757 billion).  

Along with that, the company's liabilities also increased sharply. Liabilities as of the end of the second quarter of 2025 were at VND 32,796 billion, 3.5 times higher than the debt at the beginning of 2025 and currently 1.7 times higher than equity. Notably, almost all of VPBanks' liabilities are short-term debts, with short-term loans accounting for VND 32,201 billion.

In the first half of 2025, VPBanks achieved VND 1,885 billion in operating revenue, up 53% over the same period last year. Pre-tax profit reached VND 900 billion, up 80%.

By early September, VPBankS adjusted its business plan. From the previous revenue target of VND4,552 billion, the company adjusted it up to VND7,117 billion. Of which, revenue from listed securities increased by 23% to VND2,589 billion; revenue from bond issuance consultancy increased by 4 times, nearly VND843 billion; revenue from bond trading and other activities is expected to reach VND3,745 billion, up 68%.  

The pre-tax profit plan was also strongly adjusted from VND 2,003 billion to VND 4,450 billion, equivalent to nearly 4 times the 2024 result.

Source: https://baodautu.vn/vpbanks-chot-ngay-chao-ban-ipo-tu-1010-d399039.html