Airports Corporation of Vietnam holds IPO

After equitisation, the state will retain a 75 per cent share, with 20 percent being offered via auction to strategic shareholders, 3.47 per cent will be available for public purchase with the remainder being sold to employees and the union.

The price at the public offering will be VND11,800 ($0.53) per share; this is considered an attractive price because the corporation manages the majority of Vietnam’s aviation industry infrastructure.

ACV manages 22 airports throughout Vietnam, including 7 international airports, with 21 being directly managed by the corporation, and has a range of joint ventures with other companies.