Investing.com — Dien May Xanh, the electronics retail chain owned by Mobile World Investment Corp., raised approximately $505 million in its initial public offering, according to a company filing released on Wednesday.
The offering attracted investors who registered to purchase about 166 million shares, representing roughly 92.5% of the planned sale. The total amount raised reached around 13.29 trillion dong.
The company is scheduled to begin trading on the Hochiminh Stock Exchange in the first week of August.
International investors represented about 73% of the demand for the offering. Institutional investors comprised roughly 90% of the subscribers.
Dien May Xanh reported revenues of 43.6 trillion dong in 2025, marking a 33% increase from the previous year, the company stated.
The IPO ranks among the largest listings in Vietnam over the past two years.
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