HANOI (Reuters) -Vietnam Prosperity Joint Stock Commercial Bank plans to launch an initial public offering of its securities unit, VPBank Securities, in November, two sources with direct knowledge of the matter said.
The bank, known as VPBank, plans to offer 10% of the unit’s shares to investors, one of the sources said. The unit, VPBankS, has charter capital of 15 trillion dong ($570 million).
(Reporting by Phuong Nguyen and Khanh Vu; Editing by John Mair)
