LPBS

LPBS has filed to list over 1.4 billion shares on HoSE following a successful IPO that raised VND 4,256 billion at VND 30,000/share. The securities firm plans to allocate 45% of proceeds to margin lending and 42.75% to financial investments, signaling aggressive expansion. The listing could enhance liquidity and visibility for the stock.

LPBS is conducting an IPO of 141.86 million shares at VND 30,000 per share, targeting VND 4,256 billion in proceeds for margin lending and other activities. The securities firm is also replacing an independent board member, with Pham Thi Duyen nominated to succeed Pham Quang Hung. The IPO represents 11.19% of outstanding shares and is open for subscription until June 8, 2026.

LPBS signs a strategic cooperation agreement with SCEX to develop a digital financial ecosystem, connecting traditional finance with digital assets and tokenized real-world assets (RWA) in Vietnam. The partnership aims to create a unified platform for securities, traditional products, and crypto assets, leveraging Vietnam's growing digital asset market and recent regulatory pilot framework.

LPBS Securities (LPBS) plans an IPO in Q2 2026, offering 141.86 million shares at 30,000 VND each to raise 4,200 billion VND, boosting charter capital to 14,086 billion VND. The company targets 2026 revenue of 3,800 billion VND (+125%) and pre-tax profit of 1,700 billion VND (+160%), aiming to be the fastest-growing securities firm in Vietnam.

LPBS plans to offer over 141 million shares in an IPO in Q2, aiming to list on HoSE and increase charter capital to over VND 14 trillion. The company targets 2026 revenue of VND 3.8 trillion and pre-tax profit of VND 1.7 trillion, representing growth of 125% and 160% respectively from 2025. The IPO is a strategic move to bolster financial capacity and compete among the top six securities firms by market capitalization.

Margin debt-to-equity across Vietnamese securities firms reached 99.7% in Q1 2026, with HCM at 195.4%, MBS at 177.6%, and KBSV at 184%, approaching the regulatory cap of 200%. The trend signals elevated leverage and potential systemic risks, especially as some firms expand lending while market liquidity remains below previous peaks.

LPBank Securities (LPBS) plans an IPO at 30,000 VND per share, increasing charter capital to 14,086 billion VND and pushing equity to nearly 18,000 billion VND. The offering would place LPBS among the top six securities firms by market capitalization upon listing. Management emphasizes long-term growth sustainability over short-term price volatility.