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


unnamed

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.

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!
Vingroup , Vietnam , US , IPO , Late 2022

Next In Aseanplus News

Santas in Japan hand out Christmas gifts to people affected by massive wildfire in Iwate Prefecture earlier this year
Christmas deco allowed at halal-certified hotels, food outlets, says Religious Minister Zulkifli
Australian lifesavers return to duty at Bondi Beach after massacre
Floods: Number of evacuees remains unchanged at 356 people in Johor
Three women found guilty of covering up sexual assault of two-year-old girl by pre-school cook in Singapore
From Alsatians to autonomy: China seeks home-grown edge in police dogs
Retiree loses RM88,000 in phone scam
240,000 victims of South Korean eCommerce giant Coupang's data leak sue company
Bangladesh protesters demand arrest of student leader's killers
Pakistan accuses India of disrupting river flows

Others Also Read