Thndr Claps » U.S. Claps » IPO Watch 👀 » VinFast IPO coming soon ⌛️
The ClapVinFast, a Vietnamese EV manufacturer has filed a statement with the SEC to go public in the US.
WhatThe company aims to deliver its first EVs to American customers by the end of 2022. In addition, the company also revealed its plans to establish a $2bn factory in North Carolina.
The banks managing the IPO will be Credit Suisse, Citigroup Global Markets, Morgan Stanley, and JP Morgan Securities. The company has not yet revealed how much money it aims to raise.
So WhatThe company is set to enter a growing EV market in the US, offering two electric SUVs for $57,000 and $76,000.
Now WhatVinFast will be listed on the NASDAQ under the ticker “VFS”.
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