business
Vietnam’s Dien May Xanh raises over $500m in IPO
Key takeaways
- Vietnam’s Dien May Xanh raises over $500m in IPO Mobile World Investment now holds close to 86% of Dien May Xanh's charter capital following the IPO.
- The retailer sold approximately 166.43 million shares, representing 93% of the volume on offer, at a clearing price of VND80,000 apiece.
- Of the shares initially left unsold, board member Robert Alan Willett took up 325,000 at the IPO price, a stake worth VND26bn that carries a one-year lock-up.
Vietnam’s Dien May Xanh raises over $500m in IPO Mobile World Investment now holds close to 86% of Dien May Xanh's charter capital following the IPO. Credit: SARIN KUNTHONG / Shutterstock.com · Retail Insight Network · SARIN KUNTHONG / Shutterstock.com Shubhendu Vimal Fri, July 3, 2026 at 8:43 PM GMT+7 2 min read MWG.VN Dien May Xanh, the electronics retail arm of Vietnam's Mobile World Investment Corporation, has raised more than VND13.31tn ($506m) through its initial public offering (IPO).
The retailer sold approximately 166.43 million shares, representing 93% of the volume on offer, at a clearing price of VND80,000 apiece.
The allocation went to 2,646 investors and equates to 13.1% of the company's voting shares following the offering.
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