Dien May Xanh (DMX), a major Vietnamese electronics retailer, officially listed on the Ho Chi Minh City Stock Exchange (HoSE) on August 6th, with its shares trading at a reference price of VND 80,000 ($3.04) per share. This debut established DMX with a market capitalization of approximately VND 101 trillion ($3.84 billion), making it one of Vietnam's largest listed retailers and surpassing the market value of its parent company, Mobile World Group (MWG), which stands at around VND 93 trillion ($3.53 billion).
DMX's IPO, completed in July, saw 93% of the offered shares subscribed, attracting around 60 domestic and foreign investment funds. The company successfully raised over VND 13.3 trillion (over $506 million) through the offering, increasing its charter capital from VND 11.01 trillion to VND 12.67 trillion. Institutional investors accounted for 90% of the purchase volume, with foreign institutions making up 73% and domestic institutions 17%, highlighting strong investor confidence despite broader market volatility.
The company reported robust financial performance for the first half of 2026, with consolidated revenue reaching VND 65.279 trillion ($2.55 billion), a 31% year-on-year increase and 53% of its full-year target. Its flagship Dien May Xanh electronics chain contributed 67% of total revenue. DMX aims for a 30% revenue growth and a 50% net profit increase for 2026, along with a VND 4,000 per share cash dividend immediately after listing. This successful listing is expected to pave the way for DMX's inclusion in major benchmark indices and ETFs, potentially attracting more foreign investment and improving trading liquidity.
