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

9 firms advise on milestone $8.2 bln cross-border insurance deal

by Sarah Wong |

Global law firms Debevoise & Plimpton, Kirkland & Ellis and Herbert Smith Freehills are acting for Bermuda-based insurer Resolution Life on its $8.2 billion sale to Japan’s Nippon Life Insurance, the largest overseas acquisition by a Japanese insurer to date.

Deals

Top international firms act on landmark $7.1 bln ESR take-private deal

by Nimitt Dixit |

Global law firms Freshfields, Latham & Watkins, Kirkland & Ellis, Paul, Weiss, Rifkind, Wharton & Garrison and Cleary Gottlieb Steen & Hamilton have steered an offer to take the Hong Kong-listed ESR Group private in a deal valued at $7.1 billion.

Deals

Fangda, KWM act on HKAA’s $592 mln acquisition of Zhuhai Airport stake

by Hu Yangxiaoxiao 胡阳潇潇 |

Fangda Partners has advised the Hong Kong Airport Authority (HKAA) on its agreement to purchase a 35 percent stake in Zhuhai Airport for approximately $592 million, with King & Wood Mallesons representing the seller, Zhuhai Transportation.