Ho Chi Minh City, 28th February, 2017 – Ho Chi Minh City Stock Exchange (HOSE) announced its decision on Vietjet airline’s public listing, officially welcoming the Vietjet Corporation (VJC) as fully-listed entity on the stock exchange.
The first airline in Vietnam to be listed on HOSE, Vietjet has a chartered capital of VND3 trillion (VND90,000 per share). That would mean Vietjet’s capitalization would stand at VND27 trillion (equivalent to US$1.2 billion), accounting for 1.5% of HOSE capitalization as of 15th February, 2017.
The airline will now join the ranks of ‘VN 30’, Vietnam’s biggest publicly-traded companies in terms of market capitalization.
As a direct result of being hosted on HOSE, VJC will contribute positively to raise market capitalization, offering immediate opportunities for local and foreign investors.
Vietjet is the first Vietnamese company to have completed an IPO that meets international standards and practices (Reg S). BNP Paribas, Deutsche Bank, JP Morgan are the IPO’s foreign joint global consultants. Twenty-four international investors subscribed to Vietjet’s offering, including Singapore sovereign fund GIC, Wellington, Morgan Stanley, Dragon Capital, VinaCapital, and many more.
According to 2016 statistics, Vietnam’s aviation transportation market grew by 29% between 2012 and 2016, and the rate of customers using airplanes as their means of transportation increased from 0.5% in 2012 to 0.8% in 2016.
Vietjet, the first privately-owned commercial airline in Vietnam, and one of the most efficient carriers in the world, had started to generate profits in its second year of operations.
Vietjet’s revenue in 2016 was VND27,532 billion (USD1.21 billion) with a net profit of VND2,394 billion, (USD105 million) with an earnings per share of VND8,762.
“Vietjet shall maintain a continuous and high growth rate and we believe that there will be a brighter future in the air for our passengers, the airline and its investors. Vietjet is leading the way in becoming an airline with high-quality services and efficient management and as a listed company that meets best standards and practices in Vietnam and internationally. In addition to delivering new values to our passengers, we wish to bring new added value to our investors, and for Vietnamese and international markets as well,” said Vietjet’s President & CEO Nguyen Thi Phuong Thao.