HCM CITY (VNS) — Ba Ria Rubber Company Limited will sell nearly 20 million shares during an initial public offering (IPO) on March 11, the HCM Stock Exchange (HOSE) announced on Friday.
The starting price for the IPO is VND12,610 (US$0.56) per share, and brokerage firms seeking to represent Ba Ria Rubber Co Ltd in the IPO must sign up at HOSE by the end of February 2. Ba Ria Co Ltd grows and processes rubber, sells rubber latex, exploits wood and manufactures rubber products. The company was founded in 1994 and has a capital of VND1.1 trillion ($50 million). — VNS