FPT Goes on Initial Public Offering

Stocks of FPT, Vietnam’s leading information and communication technology (ICT) company, are officially traded at Ho Chi Minh City Securities Trade Centre (HoSTC) on December 13, 2006. FPT is the 78^th listed company at HoSTC with 60,810,230 stocks at a denomination of VND10,000 per stock.

 

The stock is officially named as “Stock of Financing and Promoting Technology Joint Stock Company” and traded under the security code of FPT. The company’s legal capital currently is over VND608 billion, of which the state holds 7.3 per cent, share holders, who are company staff, hold 66.64 per cent and public holds 26.06 per cent, including 12.21 per cent being held by foreign investors.

 

In 2005, FPT had 4,949 employees, making a revenue of US$517 million with a before-tax profit of US$21,7 million, offering an earning per share (EPS) at VND 67,000 per stock (the former denomination was VND100,000 per stock). At an annual average growth of 70 per cent during the last five consecutive years, the company maintains its leading position in Vietnam’s information technology industry. FPT was the first Vietnam’s ICT company that could attract large investment for its foreign partners. At the end of last October, two world’s famous financial institutions – Texas Pacific Group (TPG) and Intel Capital – have poured in US$36,5 million to become strategic investors of the company.