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.