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VinFast files for IPO in the US to fuel global expansion - paultan.org

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VinFast files for IPO in the US to fuel global expansion

In an official release, the Vietnamese carmaker said it has yet to determine the number of shares to be offered and the price range for the IPO, but it intends to list its ordinary shares on the Nasdaq Global Select Market under the ticker ‘VFS’.

It added that Citigroup Global Markets, Morgan Stanley & Co, Credit Suisse Securities and J.P. Morgan Securities will act as lead book-running managers and as representatives of the underwriters for the proposed offering. Meanwhile, BNP Paribas Securities, HSBC Securities , Nomura Securities International, WR Securities and RBC Capital Markets will also be book-running managers, with Robert W. Baird & Co. acting as co-manager for the proposed offering.

The IPO is expected to arrive next year and will help fuel VinFast’s global expansion. This will also see the company convert to a Singapore public limited company known as VinFast Auto, according to a report by

 

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