Replies to post #214709 on DD Support Board and Research Team

[BullNBear52]

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