The electric vehicle market in the US was worth $24.3 in 2020.
VinFast will go by the ticker symbol VFS on a top US stock exchange.
VinFast’s IPO will mark a first for Vietnam.
VinFast files for IPO
As per reports from a wire news agency, on Tuesday, Vietnamese Electronic Vehicle maker VinFast filed for an Initial Public Offering (IPO) in United State’s Nasdaq exchange with the ticker symbol “VFS.”
VinFast informed that for the IPO, it will be known as VinFast Auto Limited and that it will convert to a Singapore public limited company. Details regarding the shares including number of shares and price per share have yet to be finalized. It will open its first plant in North Carolina.
The EV maker started operating in the US in 2019. It offers two all-electric SUVs – the VF8 and the VF9 along with the option to lease batteries (so as to reduce purchase prices)
If the IPO goes through, VinFast will become the first Vietnamese company to list in the US. 9 banks are involved in th
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