Illustrative image (Photo: VNA)
Hanoi (VNA) – The
Vietnam Salt One Member Limited Liability Company
(Visalco) launched the initial public offering (IPO) on the Hanoi Stock
Exchange (HNX) on April 12.
With nearly 1.28 million shares put on sale at the auction, the
volume of ordered stocks amounted to almost 3.88 million. The highest price was
25,100 VND (1.09 USD) per share while the lowest was 23,500 VND.
The sum of money collected from the IPO was over 30 billion
VND, 2.8 billion VND higher than the estimated value calculated based on the
asking price of 21,300 VND per share.
Visalco is a
State-owned subsidiary of the Northern Food Corporation, one of the most