Yahoo Autos VinFast's $2 billion U.S. IPO might be delayed until 2023
Vietnam-based VinFast could delay its initial public offering (IPO) until 2023, according to Pham Nhat Vuong, the chairman of parent company Vingroup. Speaking at an annual general meeting, he explained that the move might be pushed back due to market uncertainties.
"The IPO is not just for fundraising. It's also about marketing and claiming VinFast's position globally," the chairman said, according to Reuters. While the IPO remains scheduled to take place in the fourth quarter of 2022, VinFast is ready to move it back to 2023 if needed.
