Ashside Capital report on the upcoming VinFast IPO
Aug 9, 2022
Vingroup the parent company for VinFast is seeking up to $1 billion from global investors for its VinFast IPO.
Eastern Taipei, Taiwan Aug 9, 2022 (Issuewire.com) - VinFast is an EV automotive company based in Vietnam. What separates VinFast from other EV manufacturers is that the company will not include an electric battery pack as part of its standard equipment. Instead, it will lease them to car buyers for a monthly fee. This allows VinFast to sell its EVs for a lower price than the competition.
Vingroup the parent company for VinFast is seeking up to $1 billion from global investors for its VinFast IPO. The manufacturer and its financial advisors have also reportedly approached potential investors to gauge interest. Vingroup is also talking with global private equity firms.
Furthermore, the company is betting big on the U.S. market and investor interest in the EV space. It's hoping that its EVs and battery leasing model will help sway customers away from industry leaders Tesla and General Motors
Vingroup reportedly expects the VinFast IPO to land a post-valuation of $60 billion. To fuel the IPO process, Vingroup established a Singapore-based holding company that owns a stake in VinFast's Vietnam operations. In a statement, the company said...
"The new company, VinFast Singapore, is a step to turn VinFast into a global company and prepare for its U.S. IPO. Vingroup will be a major shareholder of VinFast Singapore. The IPO is now expected to come in the fourth quarter of 2022. "
What does VinFast do?
VinFast is an electric vehicle manufacturer based in Vietnam. It became the first-fully fledged domestic car maker in 2019, based on second-hand BMW platforms, and has since started to transition to all-electric vehicle production, which it aims to complete this year. The company already receives export orders from Canada, France, Germany, and the Netherlands, and now has plans to expand its US market.
What does this mean for the Ashside Capital clients?
Ashside Capital, an advisory firm based in Taiwan has been advising their clients to remain vigilant and level-headed during this period as getting too excited about IPO's can sometimes cause issues further down the line.
"It is easy to get over-enthusiastic about IPO investments which can lead to over-investing and creating extended risk. Our advisor's our experts in this field and we always make sure we keep our clients feet on the ground" said a chief financial analyst at Ashside Capital
For more information, please visit https://ashsidecapital.com/
Source :Ashside Capital Ltd
This article was originally published by IssueWire. Read the original article here.
Recommended
Maha Ashtami being observed today
Hundreds of Whyalla workers offered lifeline
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.
More News
Woman arrested over Adelaide hit-run spree
A woman has been accused of assaulting a police officer after a series of hit-run incidents in Adelaide.
Two dead after ute drives through US football match
Two people have been killed and another 11 were injured after a ute ploughed through a football game in Kansas.
Crisis at Sydney hospital over unread emails
A review is under way after it was discovered thousands of referral emails had been left unread at Canterbury Hospital in Sydney.
China slams Japan’s Takaichi over Yasukuni ritual offering, warns of ‘remilitarisation’
China has condemned Japanese Prime Minister Sanae Takaichi for sending a ritual offering to Tokyo’s war-linked Yasukuni Shrine, a move that threatens to further strain ties between the neighbours. At the start of Yasukuni’s three-day autumn festival on Saturday, Takaichi sent a ritual tree-stand offering to the shrine in her capacity as prime minister, although she did not visit in person. Minoru Kiuchi, minister in charge of economic growth strategy, visited the controversial site the same day,...
Navy bosses condemn hidden camera incident
Navy leaders have condemned a major privacy breach after a camera was found in a female toilet, sparking a fleet-wide sweep.
Fire rips through Clovelly headland
Residents watched on in horror as a blaze burned through 5000 square metres at Clovelly headland in Sydney’s east.
My two-year hell in Putin prison: Woman reveals rape terror, and how she was starved, frozen and psychologically tortured... because of an anti-war sticker
When Putin launched a full-scale invasion into Ukraine in 2022, starting a deadly conflict that rages on today, Aleksandra 'Sasha' Skochilenko (pictured) knew she had to do something.
/file/attachments/orphans/AnnessaTan1_502210.jpg)
Loke: DAP reps who fail to meet KPIs risk not being renominated
'Our reps work around the clock, if any underperform, we will address it.'
Strictly Come Dancing fans make same complaint on behalf of Lacey Turner before 'undermarking'
Strictly fans were quick to comment as Lacey Turner transformed into Adele in the balllroom during the BBC show's Icons Week
Moment distraught woman begs French rioters not to loot shop and 143-year-old town hall is incinerated as violent protests spread across Europe
The heartbreaking moment was caught on video, as the woman pleaded with a crowd of young male rioters not to loot her shop - a plea they ignored.
Two injured in Melbourne shooting
Two men have been injured in a shooting at a home in Dallas, in Melbourne’s north.
Labor unveils $30 road toll cap in Victoria
The Victorian Labor government has been criticised after it unveiled a $30 toll cap for motorists weeks after the Coalition announced a similar scheme.