Vingroup eyes $2 bln from VinFast IPO in US

13/04/2021 08:31 11

Vingroup eyes $2 bln from VinFast IPO in US

Vietnam’s largest private company, Vingroup, is considering an initial public offering of shares in its auto subsidiary VinFast in the U.S. to raise around $2 billion. -

The IPO could take place as soon as this quarter, and could raise up to $3 billion, Bloomberg reported, citing sources.

It has acquired licenses to test autonomous vehicles in the U.S. and plans to sell it vehicles there.

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