Recently, many securities companies have simultaneously implemented large-scale capital increase plans to increase financial strength and take advantage of opportunities from the market upgrade push. Not only stopping at stock offering options, many corporations also plan to IPO subsidiaries in the ecosystem.
Another notable deal is LPBank Securities (LPBS). The enterprise has finalized a list of shareholders to issue 878 million shares to existing shareholders at a price of VND 10,000/share, thereby expected to raise VND 8,780 billion.
Of these, more than VND 5,200 billion will be invested in valuable documents, more than VND 2,600 billion will be added to deposit loans, the rest will be for issuance guarantee activities. After completion, LPBS can join the group of large-cap securities companies, competing directly with SSI, TCBS, VNDirect, VPS, VIX or VPBankS.
SSI Securities is also preparing to enter a large capital mobilization period. At the extraordinary general meeting of shareholders on September 25, the company will submit a plan to issue 415.6 million shares to existing shareholders at a ratio of 5:00 with an offering price of VND 15,000/share, expected to earn VND 6,234 billion.
This is a move following the plan to offer 104 million shares to 18 investors at a price of 31,300 VND/share. If both options are completed, SSI can mobilize a total of about VND9,500 billion.
Dragon Capital Securities (VDSC) has been approved by the Annual General Meeting of Shareholders for a separate stock offering plan since April. The enterprise will issue 48 million shares, equivalent to 17.56% of the number of shares in circulation, with an offering price of VND 18,000/share. It is expected that the company will collect a maximum of VND 864 billion to supplement financial capacity.
Thien Viet Securities (TVS) has also approved a plan to offer 33 million shares, thereby increasing its charter capital to VND 2,000 billion. The proceeds will be used for business activities, including investment in bonds, stocks, fund certificates and deposit certificates.
The race to increase capital shows that securities companies are actively preparing financial capacity to expand key operating segments such as brokerage, collateral lending and investment.
Notably, in addition to capital increases, many "big guys" in the financial industry also launch public offering to "favorite" enterprises in the ecosystem, typically Techcombank's TCBS or VPBankS of VPBank. This is considered a step to optimize resources, while creating more momentum to meet the requirements of international integration.
The capital increase is taking place in the context of the Vietnamese stock market waiting for the promotion results from international organizations, expected to be announced in October. If upgraded, foreign capital flows are expected to flow strongly into the market, creating great opportunities for securities companies.
Increasing capital and implementing IPOs during this period is therefore considered a strategic preparation step, both to welcome new capital sources and increase competitiveness in a rapidly expanding market.
