Having just received capital from a Finnish "shark", DNSE securities offers 30 million shares through IPO

(NLDO) – For the first time in the past 5 years, a securities company has made an initial public offering (IPO) and is expected to officially list on the HOSE.

On the evening of January 18, DNSE Securities Joint Stock Company held a seminar on investment opportunities in DNSE to provide information to investors about the initial public offering (IPO) of 30 million shares.

DNSE is opening the registration and purchase portal for IPO shares 100% online until January 24, offering 30 million shares by book building method, with a starting price of VND30,000/share.

This IPO helps the company raise 900 billion VND and DNSE shares are expected to be officially listed on the HOSE in the second and third quarters of 2024.

If this IPO is successful and DNSE shares are officially listed, the stock market will record the next securities company listed in the past 5 years. Notably, DNSE is the securities company that has just received capital from the Finnish "shark" PYN Elite Fund, equivalent to 12% of shares.

DNSE Securities just IPO with starting price of 30,000 VND/share

At the conference, Mr. Petri Deryng, founder of PYN Elite Fund, said that in the next 2 years, the macro context will be more favorable for stock investors. The market P/E valuation will be low and the business results of listed companies will improve.

Regarding the starting price of DNSE shares at VND30,000/share, DNSE's board of directors said that the valuation of a company is based on the company's development potential.

Mr. Nguyen Hoang Giang, Chairman of the Board of Directors of DNSE, said that DNSE's vision is to become a new generation securities company, using technology to simplify investment. DNSE is continuing to innovate pioneering digital securities products and services in the market for asset management, automated risk management, virtual brokerage... creating value for customers, promoting demand for services and increasing profits.

After 3 years since shifting to a technology securities model, DNSE currently manages about 1.4 billion shares with a value of VND 26,000 billion (equivalent to USD 1.075 million), an increase of more than 10 times compared to 2020. DNSE's business results also recorded impressive growth over the past 3 years.

According to statistics from the Vietnam Securities Depository and Clearing Corporation (VSDC), the number of newly opened securities accounts by the end of 2023 is 7.29 million, of which domestic individual accounts account for 99.6%. This figure is equivalent to 7% of the country's population.

The market space is still very open and VN-Index is expected to increase strongly this year and the next period as Vietnam is actively working to upgrade its stock market.

Source: https://nld.com.vn/vua-duoc-ca-map-rot-von-chung-khoan-dnse-chao-ban-30-trieu-co-phieu-qua-ipo-196240118191947173.htm