Vietnam's Vingroup picks banks for $1 bln IPO of property unit -sources [Reuters (UK)]
Citigroup, Inc. (C)
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Source: Reuters
Vietnam's Vingroup picks banks for $1 billion IPO of property unit: sources | Reuters Reuters Staff 2 Min Read SINGAPORE (Reuters) - Conglomerate Vingroup JSC VIC.HM, Vietnam’s biggest property developer, has picked four foreign banks to work on a planned IPO of its residential property unit that could raise about $1 billion, sources familiar with the matter said. Vingroup has tapped Citigroup ( C.N ), Credit Suisse ( CSGN.S ), Deutsche Bank ( DBKGn.DE ) and Morgan Stanley ( MS.N ) for the planned IPO of Vinhomes, which, if completed, could be one of the biggest ever equity offerings in Vietnam. The IPO would follow last year’s listing of Warburg Pincus-backed Vincom Retail JSC VRE.HM, Vietnam’s biggest shopping mall operator and another unit of Vingroup, which raised roughly $700 million. In a presentation to investors this month, Vingroup said it is considering various strategic initiatives for its residential development business, which may include a capital markets offerin
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C
Earnings
- 4/12/24 - Beat
C
Sec Filings
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- C's page on the SEC website