Dien May Xanh, the electronics retail arm of Mobile World Investment Corp., completed an initial public offering that raised approximately $505 million, according to a company filing released on Wednesday.
The subscription process drew registrations to buy about 166 million shares, which the filing says equates to roughly 92.5% of the shares planned for sale. The total proceeds from the offering were reported at around 13.29 trillion dong.
Investor composition and demand
The filing highlights the composition of demand across investor types. International investors accounted for about 73% of total demand for the offering. Institutional participants made up roughly 90% of subscribers, underlining a heavy tilt toward professional and non-retail buyers in the bookbuilding process.
Financials and market standing
Dien May Xanh reported revenues of 43.6 trillion dong in 2025, which the company reported as a 33% increase compared with the prior year. The IPO is described in the filing as one of the largest listings in Vietnam over the past two years.
Listing timetable
The company is scheduled to begin public trading on the Ho Chi Minh Stock Exchange in the first week of August, according to the filing. The schedule sets the next formal market milestone for subscribers and potential secondary-market participants.
Context and limitations
The company filing provides the subscription breakdown, proceeds, revenue figure and listing schedule but does not elaborate further on use of proceeds, pricing mechanics beyond the registered demand, or post-listing guidance. Readers should note the reporting is limited to the figures and percentages disclosed by the company.