IPOS - Vietnamese EV maker VinFast considering U.S. IPO in 2Q

January, 10 2023 03:32 PM Renaissance Capital Greenwich Fund

EV maker VinFast ( VFS ), a unit of Vietnamese conglomerate Vingroup, is evaluating launching its U.S. initial public offering as soon as the second quarter, according to Bloomberg report late Monday.
VinFast may raise at least $1 billion in an IPO, Bloomberg reported in November. No final decision has been made on the IPO and details such as timing may still change.
VinFast ( VFS ) last month filed for a US IPO to help raise cash to expand into the North American and European markets.
VinFast announced in April that it had filed confidentially with the SEC to hold an IPO.

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Company Name:	Renaissance Capital Greenwich Fund
Stock Symbol:	IPOS
Market:	NYSE