EV Maker VinFast Auto Ltd. files U.S. IPO

December 6, 2022 1:16 PM EST

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VinFast Auto Ltd. files U.S. IPO. Plans to list on NASDAQ under the symbol 'VFS'.

Citigroup, Morgan Stanley, Credit Suisse, JP Morgan, BNP, HSBC, RBC, Wolfe, Baird are listed as underwriters.

The company has delivered nearly 88,000 vehicles (primarily ICE vehicles) and over 145,000 e-scooters through the end of September 2022.

The company plan to sell their line of electric SUVs in key global markets, specifically targeting North America (primarily the U.S. and Canada) and Europe, in addition to their existing market in Vietnam.

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Credit Suisse, JPMorgan, Citi, Morgan Stanley, Robert W Baird, HSBC, IPO