Thirty-nine investors buy 33.7 million shares at an average price of VND11,514 ($0.53), with three major players said to be involved.
Saigon Port conducted its initial public Offering (IPO) on the morning of June 30.
Demand was relatively high, with a total of 39 participants, including 35 local individuals, one foreign individual, and three local organizations.
There were 44.8 billion stocks registered for purchase, 25 per cent higher than the volume on offer.
SeA Securities registered to buy 35.9 million of shares with a booking price of VND11,500 ($0.53) per share, while ACB Securities registered to purchase 7.68 million shares.
The 39 investors picked up 33.7 million shares in total at an average price of VND11,514 ($0.53) per share, paying VND411 billion ($18.81 million).
The foreign individual investor purchased 79,000 shares.
Other investors believe the three local organizations participating in the IPO were Vingroup, Vietinbank and VPBank, as they had authorized securities companies to attend the auction and set the purchase price close to the offering price.
Post-IPO, if these three local organizations are approved as strategic shareholders they will hold a total of 35.7 million shares, accounting for 16.51 per cent of Saigon Port’s charter capital.
There are rumors among stock market investors that the main reason these organizations purchased shares is the Port’s location, near the Saigon River in District 4 and adjacent to District 1, which would be suitable for the construction of a huge cruise ship port that can berth vessels from 50,000 to 100,000 gross tons (GT).
Saigon Port has 183 ha of land in use, including 55.8 ha it leases and the remainder having been assigned to it. The total value of the land is VND246.5 billion ($11.28 million).
- Saigon port