Bloomberg: VinFast could go public in the United States as early as January 2023

Bloomberg: VinFast could go public in the United States as early as January 2023

Anonymous source for Bloomberg In this IPO, billionaire Pham Nhat Vuong’s group may raise at least USD 1 billion or more depending on investor interest.

Bloomberg: VinFast could go public in the United States in January 2023 - January 1

According to the Bloomberg source, VinFast can raise $1 billion or more in an IPO scheduled for January 2023 (Photo: Bloomberg).

According to the source, VinFast has held talks with potential investors and will consider factors such as market conditions when determining the timing of the IPO. The electric car maker filed for a U.S. IPO in April.

VinFast representatives declined to comment on the matter. Discussions are still ongoing and details of this IPO, including timing, are still subject to change.

In September, VinFast’s chief financial officer, David Mansfield, said the company plans to go public in the United States “at some point” in 2023.

The Vietnamese automaker has received $1.2 billion in incentives to build an electric car factory in North Carolina. The plant is expected to reach an annual production capacity of 150,000 units when production begins in 2024.

Last month, billionaire automaker Pham Nhat Vuong expanded its cooperation with Chinese battery maker Contemporary Amperex Technology Co. Ltd. to manufacture components, including automotive chassis.

In July, VinFast also said it had signed deals with banks to raise at least $4 billion for a U.S. production expansion plan. According to VinFast, it has 73,000 orders worldwide for its electric vehicle models.

According to the Billionaires Index of BloombergCurrently, billionaire Pham Nhat Vuong has a net worth of around $4.2 billion.

Related Posts

Vinfast and NXP Semiconductors cooperate to develop smart electric vehicles

Vinfast and NXP Semiconductors cooperate to develop smart electric vehicles Under the agreement, NXP Semiconductors (referred to as NXP) will supply VinFast chipsets, solid-state electronics and sensors….

Vietnamese customers can order VinFast VF 6 and VF 7 electric cars from March

Vietnamese customers can order VinFast VF 6 and VF 7 electric cars from March As part of the Consumer Electronics Show CES 2023 which takes place on…

Vinfast introduces parameters and reservation time VF 6 – VF 7

Vinfast introduces parameters and reservation time VF 6 – VF 7 VF 6 and VF 7 have a personal and sophisticated style written by automotive designer Torino…

VinFast VF 8 received the “New Star” award at the Car Awards 2022

VinFast VF 8 received the “New Star” award at the Car Awards 2022 The “New Star” prize awarded by the organizers of the Car Awards recognizes models…

Vinfast returns to CES 2023 with an ecosystem of electric vehicles

Vinfast returns to CES 2023 with an ecosystem of electric vehicles Returning to the Consumer Electronics Show – CES 2023 (which runs from January 5-8, 2023 in…

The price of VinFast VF e34 for the first time is less than VND 500 million after applying the voucher

The price of VinFast VF e34 for the first time is less than VND 500 million after applying the voucher Similar to the “old” VF 8, VinFast…