Pre-listing firm investments promise large gains
Recent returns have shown that investments in pre-listing companies promise big gains for investors who make bets on the firms with impressive business results and clear listing plans. Speculations in recent listings such as budget airline Vietjet and real estate developer Novaland Investment Group have brought investors returns of over 40 per cent. Prices of these shares climbed 43-46 per cent in only one to two months of listing. Investors who bought shares of Việt Nam National Petroleum Group when it made the initial public offering earned profits of nearly 230 per cent. PLX price soared to VNĐ49,000 (US$2.16) on its April 21, 2017 debut, far exceeding its IPO price of over VNĐ15,000 in 2011. These return rates have outperformed the benchmark VN-Index, which has expanded just around 8 per cent this year.
