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Vietnamese Tech Firm VNG Is Said to Consider Reviving US Listing

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EXCLUSIVE Vietnamese Tech Firm VNG Is Said to Consider Reviving US Listing VNG Group, a Vietnamese tech company backed by Singaporean sovereign wealth fund GIC Pte, is considering reviving a listing in the US, according to people familiar with the matter. Ho Chi Minh City-based VNG has reached out to financial advisers about working on the potential deal, the people said, asking not to be identified because the information isn’t public. VNG could seek about $300 million in a revived listing...

EXCLUSIVE Vietnamese Tech Firm VNG Is Said to Consider Reviving US Listing VNG Group, a Vietnamese tech company backed by Singaporean sovereign wealth fund GIC Pte, is considering reviving a listing in the US, according to people familiar with the matter. Ho Chi Minh City-based VNG has reached out to financial advisers about working on the potential deal, the people said, asking not to be identified because the information isn’t public. VNG could seek about $300 million in a revived listing based on a valuation of as much as $3 billion, one of the people said. The share sale might take place as soon as next year, the person said.
Vietnamese Tech Firm VNG (ORG) Vietnamese (ORG) Singaporean (ORG) GIC Pte (ORG) US (LOCATION) Ho Chi Minh City (PERSON) VNG (ORG)
Originally published by Bloomberg Technology Read original →