InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,431.60
(
-0.04%
)
US TECH 100
19,168.00
(
0.52%
)
Dow Jones
38,589.16
(
-0.15%
)
Brent Oil
82.28
(
0.00%
)
Bitcoin
66,155.32
(
-0.06%
)
Post# of 316690
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

BullNBear52

Send PM Follow Ignore
Followers 133
Posts 201428
Boards Moderated 19
Alias Born 12/16/2002

BullNBear52

Member Level

Re: None

Wednesday, 08/16/2023 1:11:58 PM

Wednesday, August 16, 2023 1:11:58 PM

Post# of 316690
Vietnamese EV maker VinFast is now worth more than Ford and GM after Nasdaq debut
PUBLISHED WED, AUG 16 20236:03 AM EDTUPDATED 4 HOURS AGO
Sheila Chiang

KEY POINTS
VinFast is currently worth $85 billion after its shares jumped in Tuesday’s market debut.
This vaulted it past the world’s largest automakers.
A SPAC deal initially valued the company at about $23 billion.

Shares of VinFast closed at $37.06 on Tuesday — 270% higher than Black Spade Acquisition’s IPO price of $10 and 68% higher than its Tuesday opening price of $22. Black Spade Acquisition went public in 2021.

VinFast shares were down 10% ahead of the open Wednesday.

https://www.cnbc.com/2023/08/16/ev-maker-vinfast-is-now-worth-more-than-the-likes-of-ford-and-gm.html

When fools rush in.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up