Mobile World Investment Corporation (HoSE: MWG), a leading Vietnamese retailer, has approved the IPO and stock market listing of its subsidiary, Dien May Xanh Investment JSC (DMX). This marks a significant move toward independence for DMX, with the IPO set for 2026.
A Key Strategic Step for Dien May Xanh
The IPO will enable DMX to operate as an independent, publicly traded entity. MWG sees this development as a strategic milestone, offering investors a chance to invest in a company with a strong brand, profitability potential, and sustainable growth.
MWG’s official statement emphasized that this shift would broaden investment choices and provide flexibility in the retail sector. “The IPO will strengthen DMX’s position while offering new opportunities for investors,” the release said.
DMX’s Growth and Future Plans
DMX plans to drive growth by focusing on quality products, expanding value-added services, and using its multi-service Super App platform. The company also aims to increase its presence in Indonesia.
While DMX will operate as an independent company, it will continue to play a key role in MWG’s ecosystem, contributing to consolidated revenue and profit from 2026 to 2030.
Private Placement and Strategic Initiatives
As part of the IPO process, DMX will conduct a private placement for 1% of its charter capital. The shares issued in the placement will be subject to an 18-month lock-up period. MWG’s board has decided not to participate in this placement to ensure that the full allocation goes to individual investors who will contribute to DMX’s long-term growth.
MWG’s Broader IPO Strategy
In addition to the DMX IPO, MWG plans to list its core retail chains, including The Gioi Di Dong (mobile phones) and Dien May Xanh, by 2030. MWG had earlier planned the IPO for its grocery chain, Bach Hoa Xanh, but this was delayed due to restructuring.
MWG Market Performance
MWG’s stock closed at VND78,500 ($2.98) per share on Friday at the Ho Chi Minh Stock Exchange. The company’s stock performance continues to reflect its strong growth prospects and market presence.
