IPOs

Vietnamese flotations: awaiting a fair wind

When will the pipeline unfurl its first initial equity offering in 2019?
One of Asia’s most promising public equity markets has been becalmed so far this year, disappointing those who hoped that Vietnam could build on 2018’s breakout success.
 
The first half of the year is ending without a single initial public offering taking place, in complete contrast to a year ago when the $1.35 billion flotation of Vinhomes and $923.4 million flotation of Techcombank propelled Vietnam to the top of the Southeast Asian equity league tables. 
 
According to Dealogic figures, only Thailand raised more money from IPOs or initial equity offerings IEOs, as Vietnam likes...
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