Bloomberg estimates a $2 billion valuation for Vinfast's IPO.
Vinfast on Thursday announced that it had registered with the United States Securities and Exchange Commission for an initial public offering .
The automaker's announcement did not include the size of the offering, which Vinfast previously said it planned to launch in the second half of this year.estimates a $2 billion valuation, which it says would be the biggest ever for a Vietnamese company. Vinfast is the automotive unit of Vietnamese conglomerate Vingroup JSC. It launched with vehicles based on hand-me-down BMW platforms, but quickly moved onto electric cars—some of which will be built and sold in the United States.The IPO announcement comes shortly after Vinfast announced plans for an EV factory, which is scheduled to start producing vehicles in 2024. The factory will have an annual production capacity of 150,000 vehicles, Vinfast has said.
Vinfast aims to start selling cars in the U.S. in late 2022. The first two models will be the VF 8 and VF 9 electric SUVs, which were
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