Vietnam: Vingroup eyeing whopping US$60bil valuation for car unit in potential IPO in US


HANOi, April 12 (Reuters): Vingroup JSC, Vietnam's largest conglomerate, is considering an US initial public offering (IPO) of its car unit that could value VinFast at about US$60 billion, two people familiar with the matter said on Monday.

Vingroup, which was founded in 1993 in Ukraine, is working with Credit Suisse Hong Kong for the potential offering on the New York Stock Exchange, the sources said.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Vietnam , Vingroup , US , IPO , Valuation , US$ 60 Billion

Next In Aseanplus News

Blogger Murray Hunter retracts defamatory articles following settlement with MCMC
Russia slams US strike threats, warns against interference in Iran
Britain takes to TikTok to highlight immigration raids
Trump tells Iranians to keep protesting, says 'help is on its way'
China, Russia won’t ‘dare test’ US, says Hegseth after show of military might in Venezuela
Blaze rips through 95% of waste management plan in Kuching
Taiwanese TV host Peng Chia Chia, 69, seen selling fruits at midnight to clear millions in debt
Madani govt will be directly involved with GSF 2.0, says PM
Court told of project advisory agreement linked to police contract tender
Leaders of South Korea and Japan agree to improve cooperation

Others Also Read