Shares of Vietnamese electric car maker VinFast Auto rose 255% on its first day of trading on the Nasdaq on Wednesday, boosting the wealth of its founder.
Chairman Pham Nhat Vuong’s net worth increased by $ 39 billion (about 5.68 trillion yen), and the company’s market capitalization is larger than that of industry giants General Motors (GM) and Mercedes-Benz Group.surpassed。Bloomberg Billionaires IndexVuong, Vietnam’s richest man, has a fortune of $44.3 billion.
VinFast has abandoned its usual initial public offering (IPO) plan and replaced it with a special purpose acquisition company (“IPO”) as investment appetite for unprofitable start-ups declined over the past year.ＳＰＡＣ) to go public through a merger. The company has agreed to merge with Black Spade Acquisition, a SPAC founded by casino magnate Lawrence Ho.
Original title:Vietnam’s Richest Man Adds $39 Billion as EV Maker Up 255% (1)、Vietnamese EV Maker VinFast Surges in Nasdaq Trading Debut (3) (excerpt)
2023-08-15 23:07:00
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