AsemconnectVietnam - Dien May Xanh has completed its initial public offering (IPO), successfully raising over VND13.315 billion.

This transaction officially brings Dien May Xanh's charter capital to over VND12.677 billion, firmly consolidating its leading position in the consumer electronics and home appliance (CE/ICT) retail sector in terms of capital size in the Vietnamese market.
On July 1, 2026, the Board of Directors of Dien May Xanh Investment Joint Stock Company (DMX) announced Resolution No. 14/NQ/HĐQT/DMX-2026, approving the results of the initial public offering after the payment period ended. The total number of shares successfully distributed was 166,438,500 shares, equivalent to 93% of the offered volume.
During the distribution process, the DMX Board of Directors passed a resolution to further distribute a portion of the remaining 13,386,900 shares. Accordingly, Mr. Robert Alan Willett, a member of the Board of Directors, registered to purchase 325,000 shares at a price of VND80,000 per share, corresponding to a total value of VND26 billion. All of Mr. Willett's shares will be subject to a one-year transfer restriction from the date the offering ended, as per regulations.
With an IPO price of VND80,000 per share, the total value raised from the DMX IPO actually reached over VND 13,315 billion (over USD506 million). The completion of the IPO increased DMX's charter capital from VND11,013 billion to VND12,677 billion. With this scale, DMX will maintain its position as the retail CE/ICT company with the largest charter capital in the market.
The results of the offering show that DMX was one of the most attractive transactions on the stock market, with participation from nearly 30 institutional investors representing nearly 60 domestic and foreign investment funds, in addition to nearly 2,600 individual investors. This group of financial institutions absorbed up to 90% of the total offering volume; of which, foreign institutional capital played a dominant role, accounting for 73%, and domestic institutions accounted for 17%.
With 90% of the purchase volume belonging to institutional investors and long-term investment funds, DMX's shareholder structure can be considered high-quality. This not only reflects the long-term confidence of institutional investors in the company, but also minimizes short-term profit-taking pressure after the stock officially goes public. After the IPO, Mobile World Investment Corporation (stock code MWG) will hold nearly 86% of DMX's charter capital.
This is a remarkable result, given the large scale of the transaction (over half a billion USD) and the unfavorable stock market conditions. In particular, the net selling pressure from foreign investors increased significantly during this period, yet large international capital still decided to invest in DMX.
The foundation for the successful IPO is the stable business growth of Dien May Xanh (a Vietnamese electronics retailer). In the first five months of 2026, consolidated net revenue reached over USD2 billion (VND54,644 billion), a 33% increase compared to the same period last year, completing 45% of the full-year plan after only 5 out of 12 months.
The entire growth came from in-depth expansion, with SSSG maintaining a 33% increase while no new stores were opened in Vietnam during the period. In Indonesia, Erablue reached 245 stores with revenue increasing 93% year-on-year.
With this growth momentum, DMX is on track to exceed its 2026 plan, with revenue and after-tax profit expected to grow by 30% and 50% respectively, creating a foundation to fulfill the commitment of a dividend of VND4,000/share immediately after listing, equivalent to a 5% yield on the IPO price.
Ready to list on HOSE: Re-rating and attracting ETF capital
DMX's results mark the completion of the first billion-dollar IPO of 2026, paving the way for DMX shares to officially trade on HOSE in August 2026. With its industry-leading charter capital (VND12,677 billion), high-quality shareholder structure, and attractive P/E valuation, DMX has all the criteria to soon join large-cap indices such as VN30.
The IPO journey doesn't end with raising capital, but opens a new phase: attracting investor capital when the shares officially trade on the exchange, especially ETFs, as Vietnam moves closer to its market upgrade goal. DMX's listing on HOSE will add a high-quality blue-chip stock, creating a solid foundation for re-rating and optimizing long-term shareholder value.
Source: VITIC/Bao Tai chinh – Dau tu