Vietnam to Boost State-owned Enterprise IPO

State-owned enterprises must go IPO within 3 months since their equitization proposals have been approved, said Finance Ministry’s circular guiding IPO, management and use of IPO proceeds from equitizing 100% state owned enterprices, effective from February 15, 2012.

The circular said the share prices sold to investors are auction winning prices bid by investors.

Preferential share prices sold to equitized companies’ staff are equal to 60% of lowest auction winning price if the companies go IPO or 60% of lowest arrranged price or auctioned price sold to strategic partners.