The HCM Stock Exchange (HOSE) has approved the listing of Vietjet Aviation Joint Stock Company’s 300 million shares on the southern bourse.

The HCM Stock Exchange (HOSE) has approved the listing of Vietjet Aviation Joint Stock Company’s 300 million shares on the southern bourse.

The opening price of Vietjet’s shares is unknown. Vietjet on January 25 registered its 300 million shares with the Vietnam Securities Depository.

According to Reuters, Vietjet Air has sold 44.8 million shares of current shareholders to institutional investors at VND84,600 per share, and 3.5 million shares to individual investors for VND86,500 per share.

About 30 international corporations and investment funds have offered to purchase Vietjet’s shares, including Morgan Stanley, Mirae Asset, Dragon Capital and VinaCapital.

According to a recent report by Vietnam Enterprise Investment Limited (VEIL) run by Dragon Capital, the investment fund on January 19 owned $43 million worth of Vietjet shares. Besides VEIL, HCM City Securities Corp (HSC) also spent VND134.5 billion to buy 1.6 million of the carrier’s shares.

Shareholders of Vietjet Air have also approved the company’s proposal to issue more than 22.3 million shares to the Huong Duong Sunny Investment Co Ltd in 2017 at a price of VND84,600 per share.

The share issuance will increase the aviation company’s chartered capital to VND3.22 trillion. 

VNS