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Banking & Finance

Apax Holdings lists on HoSE

Released at: 18:04, 15/12/2017

Apax Holdings lists on HoSE

Photo: Apax Holdings

Education firm debuts on Ho Chi Minh Stock Exchange on December 15.

by Hong Nhung

The Apax Holdings Investment Joint Stock Company (stock code IBC), a member of the Egroup, officially joined the Ho Chi Minh Stock Exchange (HoSE) on December 15 by listing 68.8 million shares, equivalent to charter capital of more than VND688.8 billion ($30 million).

The reference price on the first trading day was $0.88 (VND20,000) per share, and after just 25 minutes over 100,000 shares were traded.

Apax Holdings has found success in the development of its education chain and recorded high growth over the last year. It now owns the largest English language training center chain in Vietnam, Apax English, the STEAMe GARTEN bilingual kindergarten system, and the Apax Franklin Academy.

“The listing on HoSE is a breakthrough for the company,” said Mr. Nguyen Ngoc Thuy, Chairman of Apax Holdings. “Listing on HoSE will make the brand name Apax Holdings more well-known and at the same time confirm the company’s desire for sustainable and transparent development.”

Mr. Thuy revealed that Apax Holdings will pursue the fourth industrial revolution (Industry 4.0), which is based on digital technology and integrating all smart technologies to optimize production processes and methods, highlighting technologies that are having and will have greatest impacts.

Therefore, “our high-end English training centers, Apax English, and our STEAMe GARTEN bilingual kindergartens, and later on, the Apax Franklin Academy, will all apply science and technology in teaching,” he said.

The company will also strengthen quality and change the appearance of its centers to better meet the needs of customers.

Apax English now has 55 centers, double the number at the end of 2016. It is expected to reach 100 locations by 2018, while STEAMe GARTEN will have 15 campuses and Apax Franklin Academy five centers.

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