Exane BNP Paribas Downgrades Lucid Group Inc. (LCID) to Underperform
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- S&P, Nasdaq drop on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
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VinFast (VFS) soars 78% ahead of Nasdaq debut
August 15, 2023 9:08 AM EDTShares of Vietnamese car company, VinFast (NASDAQ: VFS) are up more than 78% in pre-market trading as the company prepares for its debut trading day in the U.S. following its merger deal with special acquisitions company, Black Spade.
Using Lucid Group (NASDAQ: LCID), a competing electric vehicle manufacturer, as a reference point, VinFast and Black Spade have arrived at a valuation of $23 billion. This valuation ranks as the... More
Vinfast to list in on Nasdaq next week as 'VFS'
August 11, 2023 2:54 PM EDTSpecial Acquisitions Company, Black Spade (NYSE: BSAQ) voted Thursday to merge with electric automaker, VinFast, allowing the Vietnamese company to list on the Nasdaq platform in the US.
In a joint statement with Black Spade, the automaker revealed that it would list on the Nasdaq and begin trading under the ticker symbol VFS "on or around... More
