Vietnam's IPO Market, Stocks Rally Fail to Stir Foreign Investors

Vietnam's IPO market, stocks rally fail to stir foreign investors

HANOI :Vietnam's IPO market is heating up, fuelled by a share rally, regulatory changes and a credit splurge, but has failed to stir fresh interest from foreign investors despite the prospect that the market could be upgraded by index provider FTSE Russell.Last week brokerage Techcom Securities, a unit of pri

Vietnam’s IPO market, stocks rally fail to stir foreign investors

By Phuong Nguyen and Francesco Guarascio HANOI (Reuters) -Vietnam’s IPO market is heating up, fuelled by a share rally, regulatory changes and a credit splurge, but has failed to stir fresh interest from foreign investors despite the prospect that the market could be upgraded by index provider FTSE Russell. Last week brokerage Techcom Securities, a unit of private lender Techcombank raised $410 million, pointing to a company valuation of $4 bill…