Vietnam’s Vinfast bets on global EV boom, battery leasing model as it weighs IPO

After two successful domestic listings of its subsidiaries, Vietnamese conglomerate Vingroup is possibly looking to score a hat-trick with the proposed public outing of its automobile unit, Vinfast, as one of several fundraising options at reportedly lofty valuations, riding on the enormous appetite for electric vehicle stocks in the global markets.

“The company is considering various fundraising opportunities and investments, including but not limited to an equity investment, an initial public offering, a business combination with a special purpose acquisition company (SPAC) or other transactions,” Vinfast said late last month, in a statement responding to media reports. Vinfast declined to comment for this article

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