F88 targets to go public in 2024 to reach $1 billion valuation
 |
Specifically, the company targets to file for an initial public offering on the Ho Chi Minh Stock Exchange, according to Bloomberg.
Tuan said that F88 is in discussions with possible strategic shareholders, but he refused to provide further details. Mekong Capital and Granite Oak Advisors Ltd. are the company's major investors at this time.
F88 intends to boost its countrywide shop count to 800 by the end of this year, up from 521 by the end of 2021. Tuan went on to say that, in addition to its own branded locations, F88 would continue to develop via collaborations with prominent merchants and technology businesses, as Bloomberg reported.
With 521 transaction points, F88 is the biggest pawnshop chain in Vietnam, at least for the time being. However, the majority of the chain's business capital is raised via the issuance of bonds, which carry a hefty interest rate of 12 per cent per year.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:
Related Contents
Latest News
More News
- MB secures prestigious software and IT service awards (April 16, 2024 | 09:39)
- Opportunities to unlock in Vietnam’s green finance arena (April 16, 2024 | 09:38)
- Interest rates likely to remain fairly levelled (April 16, 2024 | 09:25)
- UOB Vietnam partners with Betrimex on sustainability (April 15, 2024 | 15:41)
- Listing ambitions of Vietnamese banks backed by leaders (April 15, 2024 | 15:23)
- Cryptocurrency is not banned in Vietnam: Ministry (April 15, 2024 | 09:40)
- SBV to increase gold bar supply to stabilise domestic market (April 15, 2024 | 08:00)
- Behind the numbers: Techcombank’s vision for growth (April 13, 2024 | 11:00)
- Upward trend anticipated in forex rate (April 13, 2024 | 08:00)
- PM demands strengthened gold market management (April 12, 2024 | 17:11)
Mobile Version