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Companies

FPT Retail lists shares on Ho Chi Minh City bourse

Company sees growth in Apple products and expansion of drug stores

An Apple booth inside a FPT.Shop

HO CHI MINH CITY -- The retail arm of Vietnam's biggest information technology company FPT on Thursday listed 40 million shares on the Ho Chi Minh City stock market at 125,000 dong apiece, valuing the company at 5 trillion dong ($220 million).

More than 870,000 shares of FPT Retail changed hands in the morning at 150,000 dong each, mainly ordered by foreign investors, statistics of the market showed. Foreign ownership of FPT Retail is capped at 49% and a 31.4% stake was already allocated to 16 foreign institutional and individual investors before listing day.

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