EVNGENCO 2’s IPO will take place on February 8 with 580 million shares (48.9% stake) offered at an IPO staring price of VND24,520/share. GENCO2 is the fifth largest power generator in Vietnam and had 7% market share (in term of output) as of 2019. It expects to convert into a joint stock company (JSC) and list on UPCoM in April with the ticker GE2.