Vietnam
Vietnam's First Billion-Dollar IPO of 2026: Điện Máy Xanh Spins Off, and Every Dong Raised Goes Back to Pay Parent's Debt
MWG is spinning off Vietnam's biggest consumer electronics chain, Điện Máy Xanh, at a near-USD 4 billion valuation — but all proceeds repay the parent's short-term debt, and retail investors get a free float of under 15%.