For a total of 27.37 million shares floated on HoSE, Yeah1 is valued at around VND8.8 trillion (US$383 million).
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According to the exchange trading rules, share prices are allowed to move 20% higher or lower than the benchmark price on the first day of listing.
Established in September 2006, the entertainment group runs a series of entertainment channels including Yeah1TV, Yeah1family, Imovietv and SCTV2, with nine subsidiaries and four indirect subsidiaries including Yeah1 Vietnam Co., Netlink Online Corporation and TNT Media Advertising.
Yeah1 is currently the largest multi-channel network in Asia and the 6th largest in the world by monthly views, it claims. The group is also the only certified publishing partner of Google, which has full rights to publish Google content in Southeast Asia.
As of December 31, 2017, Yeah1 has three major shareholders holding 90% stakes of the group, including Chairman Nguyen Anh Nhuong Tong with 41.4%, DFJ Vinacapital Venture Investment (35.7%), and Ancla Assets (12.5%).
In 2017, Yeah1 recorded VND851 billion (US$37.5 million) in revenue, up 48% year on year. The company posted after-tax profit of VND82.3 billion (US$3.63 million), five times the figure posted in 2016.
The group set a revenue target of VND1.6 trillion (US$70.64 million) in 2018, up 90% year-on-year and a profit of VND172 billion (US$7.6 million), up 109% year-on-year.
