Tech firm VNG retracts IPO filing in U.S.

HCMC – Vietnamese tech firm VNG Corporation (stock code: VNZ) has withdrawn its initial public offering (IPO) registration in the U.S., according to the U.S. Securities and Exchange Commission (SEC). The company neither told the reason for the retraction of its IPO filing in the U.S. nor provided details on the timeline for any future registration. Block deals contributed over 89.1 million shares and VND2.1 trillion. SHB was the most actively traded stock on the southern bourse, with a matching volume of 50.2 million shares. The Hanoi Stock Market saw 65 advancers and 86 decliners, with a trading volume of nearly 56 million shares and VND1 trillion.