VinFast files for US public listing
If approved, VinFast will become the second Vietnamese enterprise to list shares on the US stock market after Cavico's listing in 2009.
If approved, VinFast will become the second Vietnamese enterprise to list shares on the US stock market after Cavico's listing in 2009.
The US$2-billion IPO would make it the largest-ever listing by a Vietnamese company in the US.
The reference price in the first trading session is set at VND11,570 (US$0.5) per share, equivalent to a market capitalization of VND46.28 trillion (US$2 billion).
In the next five years, Vietnam's contribution will rise to 25% from the current 17% to revenue of Central Retail, said the company’s CEO.
Nearly 100 Vietnamese companies will need to hit the road for share auctions by the end of 2020 to meet the government’s target of privatizing state firms.