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DealStreetAsia

First Vietnam unicorn VNG eyes Nasdaq debut, may offer 12.5%

Gaming startup-turned-tech conglomerate will use funds to expand overseas

Vietnam's VNG hopes to list on the Nasdaq later this year. (Source photos by Reuters and VNG Corporation website)

HANOI -- Vietnam's VNG, a gaming startup turned tech conglomerate, is looking to list on the Nasdaq later this year, offering a 12.5% stake in its public market debut, according to a presentation seen by DealStreetAsia.

The Tencent-backed internet major was the Southeast Asian nation's first unicorn, or startup worth $1 billion or more, and runs the popular Zalo messaging app.

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