Amid the ongoing wave of IPOs, a growing number of listed companies are proactively seeking to switch to alternative stock exchanges. What is driving this trend? And what opportunities and challenges might accompany such a move? The trend of changing exchanges Just one and a half months after transferring 311.85 million shares from UPCoM to HOSE on August 1, TASECO Land has witnessed a remarkable surge in its stock performance. TAL rose by 50%, closing at VND42,050 per share on August 15—the first trading day of the week—boosting the company’s market capitalization to over VND13.1 trillion. The impact of the exchange switch is unmistakable. In addition to the sharp price increase, TAL’s trading volume has significantly outpaced previous levels, reflecting a strong influx of investor capital and heightened market activity. The recent surge in the stock market has not only encouraged a wave of IPOs but also prompted several listed companies to proactively shift to alternative exchanges in pursuit of improved liquidity. A notable example is VietABank’s VAB, which soared nearly 50% within a month following the transfer of 450 million shares from UPCoM to HOSE on July 22, before the market underwent correction once again recently. Beyond VAB, the […]