BSC Insight | Market Waves – The third IPO wave and historical capital mobilization on Vietnam stock market (Esp 2)

Following the "market upgrade" milestone, the year 2025 has witnessed a significant resurgence in IPO activity, alongside an increase in capital raising and share auctions. Following our series on market waves, BSC Research is pleased to present our in-depth report: "Market Waves – The 3rd IPO Wave and the History of Capital Raising on Vietnam's Stock Market (Esp 2)".

This second edition focuses on the following key areas:

1. Overview of IPO activities in ASEAN and Vietnam: Providing a comprehensive outlook on the Southeast Asian IPO market; analyzing the current listing status in Vietnam and identifying potential IPO deals in the upcoming period.

2. Capital raising activities and market liquidity correlation: An in-depth analysis of primary capital raising methods (IPOs, Private Placements, and Rights Issues). The section evaluates the performance and impact of these activities on the stock market, while summarizing notable divestment deals in both State-Owned Enterprises (SOEs) and the private sector from 2007 to 2025.

3. Case study – Practical impact post-capital increase: Examining two representative securities firms (SSI and VND) to clarify the correlation between capital increases and subsequent changes in market liquidity and stock prices.