Skip to main content

news

Allen & Overy is advising Vietnamese internet company VNG on its planned IPO on the Nasdaq, with Skadden, Arps, Slate, Meagher & Flom and Vilaf acting for the underwriters. The listing is expected to raise $150 million.

The IPO will make VNG the first technology firm from Vietnam to list in the U.S., Reuters reported, adding that proceeds will be used for general corporate purposes, repayment of outstanding borrowings and donations, among others.

Founded in 2004, VNG is Vietnam's first unicorn, with its businesses including online games, payments, cloud services, and the country's most popular messaging app, Zalo.

The VNG IPO is set to come shortly after Vietnamese EV maker VinFast made its debut on the New York Stock Exchange via a SPAC merger.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

SAM, Trilegal, Sidley, W&C act on $415 mln Brookfield REIT QIP

by Nimitt Dixit |

Shardul Amarchand Mangaldas & Co and Sidley Austin have advised their longstanding client Brookfield India Real Estate Trust (BIRET) on its $415 million equity offering through a qualified institutional placement of shares – the only QIP by an Indian REIT in 2024.

Deals

NRF advises Carlsberg on $744 mln South Asia acquisition

by Asian Legal Business《亚洲法律杂志》 |

Global law firm Norton Rose Fulbright has advised Denmark’s Carlsberg Breweries on its $744 million acquisition of the remaining 33.33 percent stake in its Indian and Nepalese operations from partner CSAPL.

Deals

SAM, HSF, CAM guide Jubilant Bhartia Group's $1 bln Coca-Cola deal

by Nimitt Dixit |

Indian law firm Shardul Amarchand Mangaldas & Co. and international law firm Herbert Smith Freehills have advised Jubilant Bhartia Group on its agreement with The Coca-Cola Company to acquire a 40 percent stake in Hindustan Coca-Cola Holdings for over $1 billion.