The IPO year of Vietnam Manufacturing and Export Processing (Holdings) Limited is 2007
Initial public offering is a type of public offering in which shares of a company usually are sold to institutional investors that in turn, sell to the general public, on a securities exchange, for the first time.
Through IPO a privately held company transforms into a public company. Initial public offerings are mostly used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors, and to become publicly traded enterprises. A company selling shares is never required to repay the capital to its public investors. After the IPO, when shares trade freely in the open market, money passes between public investors.
Although IPO offers many advantages, there are also significant disadvantages, chief among these are the costs associated with the process and the requirement to disclose certain information that could prove helpful to competitors.
The IPO process is colloquially known as going public. Details of the proposed offering are disclosed to potential purchasers in the form of a lengthy document known as a prospectus. Most companies undertake an IPO with the assistance of an investment banking firm acting in the capacity of an underwriter. Underwriters provide several services, including help with correctly assessing the value of shares.
Vietnam Manufacturing and Export Processing (Holdings) Limited, an investment holding company, manufactures and sells scooters and cub motorbikes, and related spare parts and engines in Vietnam, Malaysia, the Philippines, Taiwan, Thailand, Greece, and other countries. The company offers motorbikes under the SYM brand. It also manufactures molds for making die-cast and forged metal parts; and provides motorbike maintenance services. As of December 31, 2019, its distribution network comprised approximately 202 SYM authorized stores owned by dealers in Vietnam. The company was founded in 1992 and is headquartered in Bien Hoa, Vietnam. Vietnam Manufacturing and Export Processing (Holdings) Limited is a subsidiary of SY International Ltd.