Vingroup may raise US$2 billion from VinFast’s IPO in US

13/04/2021 12:14 12

Vingroup may raise US$2 billion from VinFast’s IPO in US


The US$2-billion IPO would make it the largest-ever listing by a Vietnamese company in the US.

Vingroup, Vietnam’s conglomerate, is considering a US initial public offering (IPO) of its automaker VinFast that could raise US$2 billion, according to Bloomberg.

The Vietnamese automaker sold nearly 30,000 vehicles last year. The company forecasts sales of more than 45,000 units in 2021.

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