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Falling business results major obstacle to tech unicorn VNG s Nasdaq listing

Company leaders at Vietnamese tech unicorn VNG Corporation have had time to prepare for their U.S. listing, but declining business results have become a significant obstacle to the ambitions of chairman Le Hong Minh and his colleagues.

Vietnamese unicorn VNG defers US IPO to April next year

Vietnam’s first unicorn, VNG Corporation, is understood to have delayed its IPO in the US until April 2024, DealStreetAsia has learnt.  

Tech unicorn VNG suspends sale of 7 1 million treasury shares

VNG, one of four tech unicorns in Vietnam, will suspend the offering of over 7.1 million treasury shares to the BigV Technology Corporation.

Devalued by billions of dollars, shares face transaction restrictions

VNZ shares of VNG, a tech unicorn, were added to the restricted trading list after the company was late in submitting its financial report. The VNZ price has plummeted by 45 percent from its peak, but is still the highest-priced in the stock market.

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