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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 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

Drone bomb explosions kill 13-year-old girl in south-eastern Myanmar
Vietnam's power capacity ranks second in Asean
Pulse Asia: 54% of Filipinos support political dynasty ban
Bali sees dip in domestic tourists, pins hopes on foreign visitors
Thai Police raid Black Mirror TKP drug-laundering network at 22 sites; People’s Party swaps an MP candidate
India's navy sails back to the future with historic voyage
South Korea's NewJeans’ full-member comeback derails as Ador cuts ties with Danielle
Carina Lau, Tony Leung go on ski holiday with fellow celebs including Faye Wong and Shu Qi
Families of Bondi Beach victims demand more federal action on antisemitism and security failures
Babysitting services for foreign tourists taking off in Japan

Others Also Read