Hoa Phat Agriculture Raises $48M in Oversubscribed Vietnam IPO
Hoa Phat Agriculture, a unit of Vietnam’s largest steelmaker, has successfully raised $48 million in its initial public offering. The IPO was oversubscribed, with bids for 35.7 million shares against an offer of 30 million. The company is targeting revenue to exceed 12 trillion dong by 2030.