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Cost questions over foreign IPO intents 08:00 | 28/05/2021
Nick Ainsworth - Chief marketing officer, Dragon Capital
As one of the largest conglomerates in the country, Masan is now making some big bets on its strategic approach towards the largest consumer ecosystem in Vietnam.Last week it said it was mulling over a potential initial public offering (IPO) for The CrownX â the integrated consumer retail arm that consolidates its interests in both Masan Consumer Holdings and VinCommerce.
Masanâs shares have roared to a high on the eve of Alibaba Groupâs reported interest to invest in The CrownX. On May 18, Masan and a consortium led by Alibaba and Baring Private Equity Asia announced the signing of definitive agreements for acquisition of 5.5 per cent in The CrownX for a total of $400 million.