VPS Securities Falls in Vietnam Debut as Market Extends Losses
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Shares of VPS Securities JSC declined in their trading debut on Tuesday, tracking a broader market downturn that has pushed Vietnamese stocks toward their longest losing streak since 2022.The stock fell 13.5% to 51,800 dong per share as of 9.50 a.m. on the Ho Chi Minh City Stock Exchange Tuesday after the company listed about 1.48 billion shares at an initial price of 60,000 dong each. That gave VPS Securities a market value of about 77 trillion dong ($2.9 billion).