The major cement maker sold all 22,291,500 shares, or 25.62 percent, on offer at an average price of 31,875 dong ($1.98) in an initial public offering on Nov. 27, the Hanoi over-the-counter stock market <.HASTCI> said in a statement.
The pricing gave the Ho Chi Minh City-based company an initial market value of $172 million after a sale in which 15 institutional and 165 individual investors sought to buy six times more shares than were on offer.
