Dien May Xanh Seeks 546 Million Dollars in Vietnam IPO
The electronics retail unit of Mobile World Investment Corp plans to offer 79.5 million shares to fund expansion and debt repayment. The offering runs from May 27 to June 17 as the company targets a 27 percent rise in net profit for the 2026 fiscal year.
Dien May Xanh, a unit of Mobile World Investment Corp, aims to raise $546 million through an initial public offering this year. The retail chain will offer 79.5 million common shares at 80,000 dong ($3.04) each to fund expansion and debt repayment. The move follows a surge in investor interest after Vietnam received an emerging market status upgrade from FTSE.
### Funding Growth in a Developing Market Dien May Xanh is targeting a 12% annual revenue increase to 122.5 trillion dong in 2026. Net profit is projected to rise 27% to 7.35 trillion dong over the same period, according to a company filing. These targets underpin a strategy to strengthen brand presence and improve corporate transparency.
