VinaCapital to file for IPO in Singapore next year?

According to Bloomberg, the fund is working with an adviser on a prospective initial public offering (IPO) that may generate up to $183 million. According to the neswire's sources, the business has conducted negotiations with regulators about the potential IPO.

VinaCapital would be among those vying to be the first to list a special purpose acquisition company (SPAC) in Singapore’s major bourse.

VinaCapital is broadly viewed as one of Vietnam’s most experienced asset management and real estate development firms. Its assets under management reach over $3.7 billion as of November 2021.

The fund boasts 18 years of experience in Vietnam, and currently manages funds across multiple asset classes, including public and private equity, fixed income, real estate, venture capital, and managed accounts.

Don Lam, co-founder and CEO at VinaCapital, emphasised that for listed equity and private equity investments, the fund prefers sectors like construction materials, which benefits from a strong housing market and infrastructure development, or consumer discretionary, healthcare, and education, which benefit from a growing middle class.

“For our venture capital investment platform, the tech sector is the major focus. We have a real estate group that is working on several residential projects as well as industrial parks,” he told VIR in a recent interview. “Hospitality is another longstanding focus for us. And of course, we have been doing a lot of work in energy in recent years."