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HNX auctions US$471 million in shares in seven months

Update: August, 03/2018 - 16:24
The front side of the Hà Nội Stock Exchange building. — Photo
Viet Nam News

HÀ NỘI — The total value of shares auctioned by the Hà Nội Stock Exchange (HNX) since the beginning of 2018 has reached VNĐ10.6 trillion (US$471 million), according to the northern stock bourse regulator.

The HNX has organised 23 auctions in the first seven months of the year, including seven initial public offerings (IPOs) and 15 trading sessions that aimed at selling the State’s capital in State-owned enterprises (SOEs).

The total amount of shares offered for sale in those auctions was more than one billion shares. Six hundred and sixty million shares were sold, equal to 64 per cent of the total amount of shares offered for sale.

In July, the HNX held two auctions. One of them was the IPO of the Duyên Hải Quảng Ninh Co Ltd, the other one was the State capital divestment of the Nghệ An Province’s People’s Committee from Nghệ An Water JSC.

The HNX offered more than 11 million shares in those two auctions. Investors bid for 39.6 million shares – nearly four-fold the amount of initially-offered shares.

The two companies in those auctions successfully sold out all shares offered for sale, receiving more than VNĐ182 billion – triple the minimum amount of money they had expected to receive. — VNS

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