Vingroup sets up Singapore-based company to pave way for US car unit IPO in late 2022


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HANOI, Dec 45 (Reuters): Vingroup JSC, Vietnam's largest conglomerate, said on Saturday (Dec 4) it is planning to list its car unit on the US stock market in the second half of next year, in an offering expected to raise at least $3 billion.

Just last month, an official said the listing may happen within the next couple of years, as the company joins a growing list of electric vehicle startups taking advantage of investor excitement to raise funds.

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Vingroup , Vietnam , US , IPO , Late 2022

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