Dien May Xanh files for $3.9B Vietnam listing after $500M IPO
What's the deal? Dien May Xanh Investment Joint Stock Company has filed to list nearly 1.27 billion shares on the Ho Chi Minh City Stock Exchange (HoSE), which received the application on July 13, 2026. The retailer recently closed an IPO that raised roughly 13,300 billion VND (over $500 million), priced at 80,000 VND per share.
Why now? The State Securities Commission confirmed DMX as a public company on July 10, 2026, clearing the path to list. Shares are expected to begin trading on the HoSE in August 2026.
Who's behind it? DMX is a new legal entity under Mobile World Investment CorporationDealroom has a profile for this one. Try Dealroom → (HoSE: MWG), set up to manage the Thegioididong.comDealroom has a profile for this one. Try Dealroom →, TopZone, Dien May Xanh, and Tho Dien May Xanh chains, plus the Erablue joint venture in Indonesia. The offering drew nearly 30 institutional investors representing about 60 domestic and international funds.
By the numbers: The IPO saw more than 166 million shares subscribed, or 93% of those offered. With about 1.26 billion shares outstanding after issuance, DMX's market capitalisation is estimated at over 100,000 billion VND — nearly $3.9 billion.
The financials: DMX posted consolidated revenue of 65,279 billion VND in the first half of 2026, up 31% year on year. Same-store sales rose 32%, while installment-purchase revenue jumped 49% to account for 38% of the total.
The signal: The listing carves out DMX's retail operations as a standalone public company under MWG, with foreign and institutional demand underscoring investor appetite for Vietnamese consumer plays and regional expansion.
Read more: Vietnam.vn
