Thai Nguyen International Hospital today [January 6] became Vietnam’s first hospital to list 41.5 million shares on the Ho Chi Minh Stock Exchange, home to the majority of large caps.
|First trading session of Thai Nguyen International Hospital on HoSE.|
The reference price for the first trading session is set at VND25,000 (US$1.09) per share, equivalent to a market capitalization of VND415 billion (US$18 million).
At today’s close, Thai Nguyen International Hospital received strong attention from investors with more than 1.38 million shares changed hands and the share prices going up by a maximum of 20% against the reference price to VND30,000 (US$1.31).
This pushed the hospital’s market capitalization to VND1.22 trillion (US$53.1 million).
Founded in 2012, the hospital currently has a registered capital of VND415 billion (US$18 million). Last year, it posted revenue of VND275.4 billion (US$12 million) and after-tax profit of VND88.8 billion (US$3.86 million).
A statement from HoSE suggested companies listing shares on the stock market would help them better access capital and promote their brands.