VPBankS listed on HoSE after the largest IPO in the securities industry

(Chinhphu.vn) - VPBank Securities (VPBankS) officially listed VPX shares on HoSE less than a month after IPO. The event marked an important turning point in the development strategy, bringing the company's equity to the leading group of the stock market.

All 1.875 billion VPX shares will be officially traded on HoSE from December 11, 2025.

On December 4, the Ho Chi Minh City Stock Exchange (HoSE) officially announced the listing and first trading day of VPBank Securities JSC (VPBankS, code: VPX). Accordingly, all 1.875 billion VPX shares will be officially traded on HoSE from December 11, 2025, with a reference price of VND33,900/share.

The fluctuation range in the first trading session is applied at ±20% compared to the reference price, according to the regulations for newly listed shares. HoSE's announcement also said that the listing date of VPX shares is effective from December 3, 2025.

At the reference price of VND33,900/share, VPBankS's market capitalization upon listing reached approximately VND64,000 billion, equivalent to about USD2.4 billion. Listing VPX shares on HoSE - the largest stock exchange with the highest listing standards in Vietnam today - adds a large-scale stock to the market, while opening up more investment options for domestic and foreign investors.

Previously, on November 12, VPBankS completed the largest initial public offering (IPO) ever by a securities company in Vietnam. The company successfully issued 375 million shares at an offering price of VND33,900/share.

Thereby, VPBankS's charter capital increased from VND15,000 billion to VND18,750 billion. The new capital helped the company's equity rise to nearly VND33,000 billion, ranking among the leading groups in the entire securities industry, excluding accumulated profits of the fourth quarter of 2025.

Notably, during the IPO, the number of VPX shares registered to buy exceeded the official offering volume, reflecting strong interest from investors. The issuance attracted the participation of a large number of domestic individual and institutional investors, as well as many international institutions, including Dragon Capital and VIX Securities Company.

Another notable point is that the speed of listing VPX shares after IPO has been significantly shortened. Thanks to changes in Decree 245/2025/ND-CP, VPBankS only takes less than 30 days to complete listing procedures on HoSE, instead of 3 to 6 months as before. This helps the company to officially list its shares soon, meeting investors' expectations right after the issuance.

At the same time, the successful implementation of a record-breaking IPO in a short time and the quick listing on HoSE demonstrates the company's implementation capacity as well as its proactive development plan.

Upon becoming a listed company, VPBankS said it will continue to increase information transparency in accordance with stock market regulations, apply corporate governance standards according to domestic and international practices, as well as implement policies related to environment, society and governance (ESG).

Regarding business results, in the first 9 months of 2025, VPBankS recorded pre-tax profit of VND 3,260 billion, nearly 4 times higher than the same period last year. By the end of the third quarter of 2025, the company's total assets exceeded VND 62,100 billion.

Outstanding margin loans reached nearly VND27,000 billion, ranking among the three securities companies with the largest lending scale in the market. With additional capital after the IPO, VPBankS' total margin loan limit was increased to more than VND66,000 billion, of which the remaining limit is about VND40,000 billion.

Not only financial indicators, VPBankS's customer base also grew rapidly. By mid-November 2025, the number of trading accounts at the company had exceeded 1 million accounts, equivalent to nearly 10% of the total number of securities accounts in the whole market.

VPBankS is currently the only securities company in the VPBank ecosystem. Established and operating since 2022, the company quickly joined the group of large-scale securities companies after a short period of operation.

For two consecutive years, VPBankS was honored at the Asia Pacific Enterprise Awards with the titles "Asia's Outstanding Enterprise 2025" and "Fast Growing Enterprise".

With its capital, ecosystem, technology and human resources, the company aims to become a leading securities - investment banking company, aiming to provide personalized financial solutions for many customer segments.

Mr. Minh

Source: https://baochinhphu.vn/vpbanks-len-san-hose-sau-thuong-vu-ipo-lon-nhat-nganh-chung-khoan-102251205162950945.htm