On May 18, Vinhomes JSC sold nearly 268 million shares via put-through transactions on the Ho Chi Minh Stock Exchange (HoSE).— Photo Vingroup

HÀ NỘI — The initial public offering of Vinhomes, the residential realty arm of property and retail giant Vingroup, in May 2018 has been honoured the best share issuance deal of the year in Asia and Việt Nam by overseas media.

The US$1.35 billion deal was recognised as the Frontier Markets Equity Issue 2018 by the International Financing Review Asia (IFR Asia), the Best IPO in Việt Nam by The Asset, and the Best Vietnam Deal by the Finance Asia.

On May 18, Vinhomes JSC sold nearly 268 million shares via put-through transactions on the Ho Chi Minh Stock Exchange (HoSE).

The deal lured big attention from both domestic and foreign investors as the number of shares asked by potential investors was fourfold the amount of shares offered for sale by Vinhomes.

The value of the deal was VNĐ30.7 trillion ($1.35 billion) and it was the biggest deal in the last two years, exceeding the IPO values of other firms such as VPBank, Techcombank, budget carrier Vietjet and Vincom Retail.

Since Vinhomes IPO, Vinhomes and Vingroup are the two largest companies by market capitalisation in Việt Nam.

The two firms are listing on HoSE with code VHM and VIC, respectively.

Their shares ended Tuesday at VNĐ77,500 ($3.4) per share and VNĐ102,000 per share, valuing the two firms at VNĐ259.6 trillion and VNĐ325.5 trillion, respectively.

This is the second year in a row Vingroup has its member companies honoured on the global equity market since its listing on the Hồ Chí Minh Stock Exchange (HoSE) on July 1, 2007.

In 2017, Vingroup’s retail arm Vincom Retail won the Best Private Equity Deal and Best Frontier Market Transaction awards from Finance Asia and IFR Asia.

In the first three quarters, Vingroup earned total VNĐ84 trillion in revenue and VNĐ3.3 trillion in post-tax profit, up 47.2 per cent and 11.2 per cent year on year.

In the same period, Vinhomes recorded VNĐ22.4 trillion in revenue and VNĐ12.2 trillion in post-tax profit, up 86 per cent and nearly 400 per cent, respectively.

Vingroup in 2018 issued 84 million preferred shares in a private placement deal to the South Korea-based Hanwha Asset Management Corporation. The value of the deal was VNĐ9.3 trillion and the deal was considered by The Asset as the best M&A and share issuance deals in Việt Nam. — VNS