Techcom Up in Vietnam Debut as Market Rebounds After Selloff (1)

Shares of Techcom Securities JSC jumped in their Tuesday trading debut as the broader market recovered from a selloff the previous day over concerns about corporate bond issuance violations.

The stock rose 4.6% to 48,950 dong per share at the close on the Ho Chi Minh City Stock Exchange Tuesday after the company listed about 2.311 billion shares at an initial price of 46,800 dong each. That gave the company, a unit of Vietnam Technological and Commercial Joint-Stock Bank, a market value of around 113.1 trillion dong ($4.29 billion), placing it among the largest stocks in the benchmark VN ...