Vietnam EV maker VinFast Inks $23 Billion SPAC Deal
It will be the largest-ever US listing by a company from Vietnammaker founded by Vietnam’s richest person, is going public through a merger with blank-check company Black Spade Acquisition Co. in what would be the largest-ever US listing by a company from the Southeast Asian country.
A SPAC merger, if successful, will cap VinFast’s years-long efforts to become a publicly-traded company. Bloomberg News first reported in early 2021 that Vingroup was considering a $2 billion US initial public offering for the EV unit. The company in April 2022 filed confidentially for the share sale.
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