We present our analysis of the IPO of Construction Corporation No.1 Company Limited (CC1) based on the information memorandum and publicly available information. CC1 is going public via offering 14.1 million shares at an auction on July 20. The company is offering 14.1 million shares or 12.81% to the public auction at an initial price of VND10,300 per share on July 20, 2016. Time for registration and deposit is from June 23, 2016 to July 12, 2016.