DatVietVAC Group Holdings JSC, a prominent Vietnamese entertainment company, launched its initial public offering (IPO) on August 5, with subscriptions open until September 7, 2026. The company is offering shares at a fixed price of VND54,800 ($2.11) per share, aiming to raise approximately VND611 billion ($23.26 million). Upon completion, DatVietVAC's charter capital is expected to increase to VND1.114 trillion ($42.41 million), resulting in a market capitalization of approximately VND6.105 trillion ($232.3 million) at the IPO price. All shares are anticipated to be listed on the Ho Chi Minh City Stock Exchange within 2026.
For 2026, DatVietVAC has set a revenue target of VND3.382 trillion ($128.85 million) and a net profit of VND420 billion ($16 million), representing an 11% increase over 2025. The company projects a Return on Equity (ROE) of 34.7% and a forward P/E ratio of approximately 13x, which analysts note is a 28% discount to the average forward P/E of 18.1x for listed Asian media and entertainment companies. Looking ahead to 2030, DatVietVAC aims for VND5 trillion ($190 million) in revenue and VND780 billion ($29.69 million) in net profit, maintaining an annual net profit growth rate of 15% through content expansion and international operations.
DatVietVAC has a strong history of cash dividends, having paid over VND1 trillion ($38 million) to shareholders in the past six years. For the current year, it plans a cash dividend of VND2,500 per share, offering an immediate dividend yield of around 5% for IPO investors. The capital raised from the IPO will be used for financial restructuring, debt repayment, and strengthening its subsidiaries, including VND536.9 billion ($20.65 million) for DatViet VAC Media and VND74 billion ($2.85 million) for DatViet VAC Entertainment to boost content production capabilities.
