TCBS becomes Vietnam’s largest securities firm by charter capital after raising VND 1.4 trillion in private share sale

Hanoi, June 11 – Techcom Securities JSC (TCBS), a subsidiary of Techcombank, has successfully completed a private placement of nearly 119 million shares, raising close to VND 1.4 trillion (approx. USD 55 million). The offering was priced at VND 11,585 per share and attracted 25 professional investors, including Chairman Nguyen Xuan Minh, who alone acquired over 106 million shares. Following the transaction, Mr. Minh’s stake increased to more than 168 million shares, equivalent to 8.09% of TCBS’s charter capital.

The offering was highly selective, aimed at top-level executives, key personnel with strategic value, and long-term partners who have made significant contributions to the company. Eligible employees were also required to have received a minimum A2 performance rating in the assessment year. Strategic investors and key partners were nominated by the Board Chairman.

According to TCBS, the share sale aimed to recognize and retain valuable management personnel, employees, and strategic partners.

Of the nearly VND 1.4 trillion raised, TCBS plans to allocate around VND 895 billion for proprietary trading in stocks and bonds, capitalizing on favorable market valuations to maintain high returns. Another VND 482 billion will be directed toward expanding brokerage services, margin lending, and settlement financing.

All shares issued in this private placement will be subject to a one-year lock-up period. Upon completion of the transaction, TCBS’s charter capital has increased from approximately VND 19.6 trillion to nearly VND 20.8 trillion, making it the securities firm with the highest charter capital in Vietnam. TCBS also leads the industry in shareholder equity.

As of Q1 2025, TCBS reported total outstanding margin loans and cash advances of about VND 30.5 trillion—also the highest among Vietnamese securities companies.

For 2025, TCBS has set ambitious business targets: revenue is projected to grow 22% to VND 9.3 trillion, while pre-tax profit is expected to rise 20% to VND 5.77 trillion. In the first quarter alone, TCBS recorded pre-tax profit of approximately VND 1.31 trillion, fulfilling 23% of its full-year profit target.

In a related development, Mr. Ho Hung Anh, Chairman of Techcombank, recently confirmed that TCBS is preparing for an initial public offering (IPO) by the end of 2025. The company is reportedly in talks with one to two major institutional investors. However, the IPO timeline remains dependent on broader financial market conditions and Vietnam’s progress in upgrading its stock market classification.

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Source: Vietnam Insider