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