Ho Chi Minh City Stock market (HOSE) today announced its choice regarding Vietjet airline’ s open public listing, officially welcoming Vietjet Modern aviation Joint Stock Company (VJC) like a fully-listed entity on the stock exchange.
The first airline in Vietnam to be listed on HOSE, Vietjet has a chartered capital of VND3 trillion (VND90, 000 per share). That would mean Vietjet’ s capitalisation would stand at VND27 trillion (equivalent to US$1. 2 billion), accounting for 1 . 5% associated with HOSE capitalisation as of 15 Feb 2017.
The flight will now join the ranks associated with ‘ VN 30’, Vietnam’ t biggest publicly-traded companies in terms of marketplace capitalisation.
As a direct consequence of being hosted on HOSE, VJC will contribute positively to raise marketplace capitalisation, offering immediate opportunities designed for local and foreign investors.
Vietjet is the first Vietnamese company to have completed an BÖRSEGANG (ÖSTERR.) that meets international standards plus practices (Reg S). BNP Paribas, Deutsche Bank and JP Morgan are the IPO’ s foreign shared global consultants. Twenty-four international traders subscribed to Vietjet’ s providing, including Singapore sovereign fund GIC, Wellington, Morgan Stanley, Dragon Funds, VinaCapital, and many more.
Based on 2016 statistics, Vietnam’ s aviators transportation market grew by 29% between 2012 and 2016, as well as the rate of customers using airplanes because their means of transportation increased from zero. 5% in 2012 to 0. 8% in 2016.
Vietjet, the first privately-owned commercial airline within Vietnam, and one of the most efficient companies in the world, had started to generate profits in the second year of operations.
Vietjet’ s revenue within 2016 was VND27, 532 billion dollars (USD1. 21 billion) with an internet profit of VND2, 394 billion dollars (USD105 million), with an earnings for each share of VND8, 762.
“ Vietjet shall sustain a continuous and high growth price and we believe that there will be a better future in the air for our passengers, the particular airline and its investors. Vietjet can be leading the way in becoming an flight with high-quality services and effective management as well as a listed company that will meets best standards and procedures in Vietnam and internationally.
In addition to delivering new beliefs to our passengers, we wish to provide new added value to our traders as well as for Vietnamese and international marketplaces as well, ” said Vietjet’ t President and CEO, Nguyen Thi Phuong Thao.
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