|A view from the working place of FPT Online. This year, FPT Online targets revenue of VNĐ570 billion and after-tax profit of VNĐ267.2 billion. — Photo fptonline.net|Viet Nam News
HÀ NỘI — FPT Online Service Joint Stock Company will trade more than 14.08 million shares on the Unlisted Public Company Market (UPCoM) on December 10, according to an announcement by the Hà Nội Stock Exchange.
The shares, under code FOC, will start the first trading day at VNĐ110,000 (US$4.7) per share. At this price level, the company’s market capitalisation will reach over VNĐ1.5 trillion.
FPT Online was established on July 1, 2007 with initial chartered capital of VNĐ40 billion. After more than 10 years of operation, the company has increased its charter capital to over VNĐ140.8 billion, equivalent to over 14.08 million shares registered for trading.
The firm operates primarily in the areas of online advertising, games and music, as well as social networking and SMS services.
FPT Online will be the fifth member of the FPT Corporation to list on the stock market, along with FPT, FPT Retail (FRT), FPT Securities (FTS) and FPT Telecom (FOX).
In 2017, the company recorded revenue of nearly VNĐ520 billion and after-tax profit of more than VNĐ250 billion, a year-on-year increase of six per cent and 27 per cent, respectively.
This year, FPT Online targets revenue of VNĐ570 billion and after-tax profit of VNĐ267.2 billion. — VNS