News Formal

VinFast to List on Nasdaq Through Merger with Black Spade

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Vietnamese EV maker VinFast gets go ahead for Nasdaq SPAC listing

VinFast, in a joint statement with Black Spade, said it would list on the Nasdaq under the ticker symbol VFS “on or around Aug. 15”.

The merger had valued VinFast at $23 billion, the two companies said. In comparison, the current market capitalization of U.S.-listed EV makers Rivian and Lucid are $21 billion and around $17 billion respectively. VinFast had filed for an initial public offering on the Nasdaq last December, but in May announced plans to list through a merger with Black Spade.

VinFast’s first quarter revenue dropped 49% from the previous year and it posted a net loss of $598 million. In 2022, the company posted a loss of $2.1 billion. It has not yet made a profit.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 31. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Oil hits high for the year as supply risks in Black Sea grow amid tight marketOil hit its highest level in almost nine months on concern that the conflict between Russia and Ukraine may choke supply in a tight market. Read on.
Fonte: financialpost - 🏆 7. / 85 Leggi di più »