In today’s briefing:
- VinFast IPO Preview – Too Big to Fail In Vietnam
VinFast IPO Preview – Too Big to Fail In Vietnam
- VinFast Auto (“VinFast”) is getting ready to complete its IPO on Nasdaq in January 2023.
- We are cautious on the IPO of VinFast. Timing is awful and investors have slashed share prices of the company’s comps in the past year.
- The fact that the company is trying to hurry up to complete this IPO in early 2023 suggests that there could be some bigger concerns about long-term financing of VinFast.
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