HAIPHONG : Vietnamese automaker VinFast said on Thursday its Singapore-based holding company had filed for an initial public offering of the group with U.S. securities regulators, as it plans $4 billion spending on its first U.S. factory complex.
"There are options to look at. We are still considering a lot of options," VinFast Chief Executive Le Thi Thu Thuy told reporters on the sidelines of an event to showcase the company's new VF8 battery-powered SUV. VinFast is betting big on the U.S. market, where it hopes to compete with legacy automakers and startups with electric SUVs and a battery leasing model.
Sources said a year ago that Vinfast was considering an IPO that could value the company at about $60 billion.
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