Novaland Rises by Limit in Ho Chi Minh Trading Debut

Shrs rise to 60,000 dong/shr at close on 1st day of trading on Ho Chi Minh City Stock Exchange, valuing the co. at 35.36t dong ($1.55b).
* Co. lists about 589.4 million shares at initial price of 50,000 dong/shr today
* Shares can trade up to 20% above or below initial listing price on 1st day, according to exchange rule

Source: Bloomberg

Photo: Internet