VPBank markets key Vietnamese banking IPO

Flotation of fast growing consumer finance operator will represent an important new test for the country's burgeoning equity capital markets and the re-capitalisation of its banking sector.

Vietnam Prosperity Joint Stock Bank VPBank has begun marketing one of the largest initial public offering in Vietnam's history, with a $200 million to $250 million issue that is scheduled to price at the end of June. 

The transaction is an important one for Vietnam, as equity issuance starts to pick up and foreign funds take a closer look at the market.

As such, it will not only prove another test of investors' willingness to absorb extended settlement and trading risk, but also the stock market’s ability to help recapitalise the country's banking sector as it moves towards the delayed implementation of Basel II in...

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