HANOI --- Vietnam has leapt to become Southeast Asia's top grossing market for initial public offerings in 2018 with total proceeds of US$2.6 billion. Singapore, who lost its crown to Vietnam, retreated to fourth position this year with total IPO value of just $500 million. Thailand ranked second with total proceeds of $2.5 billion and Indonesia was in the third place with $1.2 billion, data from global consultant firm Ernst and Young (EY) showed. Vietnam's rise was attributed to large IPO deals in the country as its Government pushed ahead with equitisation of big State-owned corporations. The five biggest IPOs of State-owned enterprises have raised more than VND19.2 trilli...
Keep on reading: Vietnam beats Singapore to top Asean’s IPO markets
from INQUIRER.net http://bit.ly/2EYNXA3
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