Mobile World’s Retail Chain Aims to Raise $110 Million From IPO

Mobile World Investment Corp.’s electronics retail chain unit Dien May Xanh Investment JSC aims to raise at least 2.9 trillion dong ($110 million) from its planned initial public offering this year.

The company intends to sell about 179.5 million shares, or a 16.3% stake, at the IPO, according to a statement on its website. The initial price of the IPO will be set at not lower than at 16,163 dong per share, which is the book value of the company’s shares as determined by the audited consolidated financial statement for 2025.