Vietnam: Vingroup eyeing whopping US$60bil valuation for car unit in potential IPO in US


HANOi, April 12 (Reuters): Vingroup JSC, Vietnam's largest conglomerate, is considering an US initial public offering (IPO) of its car unit that could value VinFast at about US$60 billion, two people familiar with the matter said on Monday.

Vingroup, which was founded in 1993 in Ukraine, is working with Credit Suisse Hong Kong for the potential offering on the New York Stock Exchange, the sources said.

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Vietnam , Vingroup , US , IPO , Valuation , US$ 60 Billion

   

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