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EV Maker VinFast Plans US IPO As Soon As January, Sources Say

  • Vingroup unit has held preliminary talks with investors
  • Vietnamese firm filed confidentially for IPO in April
The VinFast VF8 sport utility vehicle.

The VinFast VF8 sport utility vehicle.

Photographer: Yen Duong/Bloomberg
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VinFast, an electric vehicle maker backed by Vietnam’s richest man, is weighing whether to hold its planned initial public offering in the US as soon as January 2023, according to people familiar with the matter.

The unit of conglomerate Vingroup JSC could raise at least $1 billion but it could also be more depending on interest, one of the people said, asking not to be identified as the information is private.