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VinFast’s Planned U.S. IPO May Be Biggest From Asia Since Didi

  • Electric-vehicle maker filed confidentially for New York IPO
  • Offering would have to contend with volatile equity markets
Vinfast VF e34 electric sports utility vehicles.

Vinfast VF e34 electric sports utility vehicles.

Photographer: Maika Elan/Bloomberg

A Vietnamese electric-vehicle maker is testing the waters for what may be the largest initial public offering by an Asian company in the U.S. since the Didi Global Inc. fiasco last year. 

VinFast, a unit of conglomerate Vingroup JSC, last week filed confidentially for the U.S. IPO. While VinFast said it hadn’t decided on the amount, its parent has weighed raising about $2 billion with the listing, Bloomberg reported last year.