VPS Securities Set for Historic IPO in 2025
VPS Securities JSC (VPS), a prominent player in the stock market today, has revealed ambitious plans for its Initial Public Offering (IPO) in 2025. This move aims to secure a significant place in the history of the Vietnamese stock market, with potential capital-raising expected to be one of the largest.
VPS, known for its continuous after-tax profit growth over the past decade, is set to offer a substantial number of shares in its IPO. This includes 202.3 million shares, 161.8 million private placement shares, and 710 million bonus shares. Post-IPO, VPS's charter capital will nearly triple, reaching VND16,441 billion ($622.53 million), placing it among the securities firms with the largest charter capital in the market.
The company's impressive track record includes maintaining the highest return on equity (ROE) ratio in the industry, with an estimated 12-month ROE of 24.2% for the nine months of 2025. VPS has also dominated the market in terms of brokerage market share across all three exchanges, controlling nearly half the market in derivatives. With over 1.6 million trading accounts, equivalent to 15% of Vietnam's total, VPS's customer base is extensive and diverse.
VPS's IPO, expected to be one of the largest capital-raising deals in Vietnam's stock market history, will significantly boost the company's financial resources. This move aligns with VPS's commitment to delivering maximum value to customers and investors while contributing positively to the overall market development. Post-IPO, VPS will continue to operate without engaging in proprietary trading, ensuring maximum objectivity in its brokerage, margin lending, and advisory services.
