Vietnam in vogue as investors pile into Techcombank IPO

The underlying equities market may be under pressure, but demand for Techcombank's IPO remains strong, meaning slim allocations for investors keen to play Vietnam's growth story.

Vietnam in vogue as investors pile into Techcombank IPO

Recent downward pressure on Vietnam’s red-hot stock market will not impact Techcombank’s record-breaking initial public offering as the order book is set to close multiple times oversubscribed say bankers and investors.

The VND19.69 trillion to VND21 trillion $862.5 million to $920 million offering is scheduled to price on Monday and will almost certainly be fixed at the top of its VND120,000 to VND128,000 indicative price range. The $230 million non-cornerstone tranche...

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