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VNG Withdrawn, Nasdaq: VNG

Diversified platform focused on gaming and media in Vietnam.

Industry: Technology

Latest Trade: ()

First Day Return:

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Industry: Technology

We are Vietnam’s leading, homegrown digital ecosystem, with diverse and competitive product offerings across games, communications and media, fintech and other opportunities. We are the number one mobile games publisher in Vietnam, with our 2022 mobile game gross revenues representing 39.2% of Newzoo’s estimate for Vietnam’s mobile games market for 2022. Our Zalo, Zing MP3 and Bao Moi applications are the number one messaging, music streaming and online news applications, respectively, in Vietnam based on MAU in 2022, according to F&S. Founded in 2004 as a five-person start up, we have grown and evolved into a national technology champion with a large user base and high engagement in Vietnam. Our strong online game publishing capabilities have allowed us to extend our reach to countless users beyond Vietnam. Since the inception of our company, our mission has been to “Build technologies and grow people. From Vietnam to the world.” By adhering to our mission, we have become a Vietnamese technology unicorn. We believe that we have achieved many “firsts” throughout our corporate journey. We pioneered the era of hardcore RPGs in Vietnam by publishing Legend of Swordsman on personal computer (“PC”) in 2005. We launched the first widely adopted communication application developed by a Southeast Asian technology company in 2012. We were the first Vietnamese company to successfully publish online games in a foreign market. We have strategically expanded into new business lines, including mobile payments in 2017 and cloud services in 2018.
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IPO Data
IPO File Date 08/23/2023
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
Morgan Stanley
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Company Data
Headquarters Ho Chi Minh City, Vietnam
Founded 2004
Employees 3,580
Website vng.com.vn

VNG (VNG) Performance