VNG Group, a Ho Chi Minh City-based tech company that runs online games, messaging, payments, cloud, and AI services, is considering a revived US listing that could raise about US$300 million at a valuation of up to US$3 billion, according to people familiar with the matter.

VNG has contacted financial advisers about the potential deal.

The share sale could take place as soon as next year, but VNG is still discussing the plan, and details may change. A VNG representative declined to comment.

The company has explored a US initial public offering for nearly a decade.

It filed in August 2023, postponed the plan a month later, and withdrew its registration in early 2024.

Legal guidance notes that offshore initial public offerings by Vietnamese companies generally require careful structuring and regulatory compliance, but available material does not show any approval requirements specific to VNG.

🔗 Source: Bloomberg