Market Chatter: Vingroup's GSM Plans Hong Kong IPO

MT Newswires Live2025-12-29

Vingroup's electric-vehicle taxi operator GSM is planning to list in Hong Kong, Reuters reported on Monday, citing two sources.

IPO plans remain preliminary and could still be postponed or cancelled, Reuters said, adding that if completed, the listing would be Vingroup's second overseas IPO, following electric-vehicle maker VinFast's (VFS) Nasdaq debut in 2023.

The report said GSM, known as Green and Smart Mobility JSC, is targeting a valuation of between $2 billion and $3 billion in an IPO that could take place from late 2026 to early 2027.

Vingroup did not immediately respond to MT Newswires' request for comment.

GSM has held preliminary talks with potential advisers about the IPO and could appoint them as early as Q1, according to the sources.

Hong Kong was preferred over Singapore or Nasdaq due to deeper liquidity and stronger investor interest in EV and mobility companies, after VinFast faced trading challenges in the US, one source told Reuters.

The report said that a successful Hong Kong listing would help fund GSM's regional expansion, strengthen its position in Southeast Asia's mobility market, and ease financial pressure on Vingroup and its founder as VinFast continues its capital-intensive growth.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2595783851?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-29 16:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2595783851","market":"sh","top_or_hot":-1,"title":"Market Chatter: Vingroup's GSM Plans Hong Kong IPO","media":"MT Newswires Live","content":"<html><body><p> Vingroup's electric-vehicle taxi operator GSM is planning to list in Hong Kong, Reuters reported on Monday, citing two sources.</p><p>IPO plans remain preliminary and could still be postponed or cancelled, Reuters said, adding that if completed, the listing would be Vingroup's second overseas IPO, following electric-vehicle maker <a href=\"https://laohu8.com/S/VFS\">VinFast</a>'s (VFS) Nasdaq debut in 2023.</p><p>The report said GSM, known as Green and Smart Mobility JSC, is targeting a valuation of between $2 billion and $3 billion in an IPO that could take place from late 2026 to early 2027.</p><p>Vingroup did not immediately respond to MT Newswires' request for comment.</p><p>GSM has held preliminary talks with potential advisers about the IPO and could appoint them as early as Q1, according to the sources.</p><p>Hong Kong was preferred over Singapore or Nasdaq due to deeper liquidity and stronger investor interest in EV and mobility companies, after VinFast faced trading challenges in the US, one source told Reuters.</p><p>The report said that a successful Hong Kong listing would help fund GSM's regional expansion, strengthen its position in Southeast Asia's mobility market, and ease financial pressure on Vingroup and its founder as VinFast continues its capital-intensive growth.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Vingroup's GSM Plans Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Vingroup's GSM Plans Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-29 16:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Vingroup's electric-vehicle taxi operator GSM is planning to list in Hong Kong, Reuters reported on Monday, citing two sources.</p><p>IPO plans remain preliminary and could still be postponed or cancelled, Reuters said, adding that if completed, the listing would be Vingroup's second overseas IPO, following electric-vehicle maker <a href=\"https://laohu8.com/S/VFS\">VinFast</a>'s (VFS) Nasdaq debut in 2023.</p><p>The report said GSM, known as Green and Smart Mobility JSC, is targeting a valuation of between $2 billion and $3 billion in an IPO that could take place from late 2026 to early 2027.</p><p>Vingroup did not immediately respond to MT Newswires' request for comment.</p><p>GSM has held preliminary talks with potential advisers about the IPO and could appoint them as early as Q1, according to the sources.</p><p>Hong Kong was preferred over Singapore or Nasdaq due to deeper liquidity and stronger investor interest in EV and mobility companies, after VinFast faced trading challenges in the US, one source told Reuters.</p><p>The report said that a successful Hong Kong listing would help fund GSM's regional expansion, strengthen its position in Southeast Asia's mobility market, and ease financial pressure on Vingroup and its founder as VinFast continues its capital-intensive growth.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4168","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2595783851","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2595783851","pubTimestamp":1766997532,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Vingroup's electric-vehicle taxi operator GSM is planning to list in Hong Kong, Reuters reported on Monday, citing two sources.IPO plans remain preliminary and could still be postponed or cancelled, Reuters said, adding that if completed, the listing would be Vingroup's second overseas IPO, following electric-vehicle maker VinFast's  Nasdaq debut in 2023.The report said GSM, known as Green and Smart Mobility JSC, is targeting a valuation of between $2 billion and $3 billion in an IPO that could take place from late 2026 to early 2027.Vingroup did not immediately respond to MT Newswires' request for comment.GSM has held preliminary talks with potential advisers about the IPO and could appoint them as early as Q1, according to the sources.Hong Kong was preferred over Singapore or Nasdaq due to deeper liquidity and stronger investor interest in EV and mobility companies, after VinFast faced trading challenges in the US, one source told Reuters.The report said that a successful Hong Kong l","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4168":"多种金属与采矿","BK4099":"汽车制造商","GSM":"Ferroglobe PLC","VFS":"VinFast Auto"},"translate_title":"市场热议：Vingroup的GSM计划在香港IPO","themeId":"f34cdddd525f05980729defbd73ae192","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VFS":1,"GSM":1.5},"content_text":"Vingroup's electric-vehicle taxi operator GSM is planning to list in Hong Kong, Reuters reported on Monday, citing two sources.IPO plans remain preliminary and could still be postponed or cancelled, Reuters said, adding that if completed, the listing would be Vingroup's second overseas IPO, following electric-vehicle maker VinFast's (VFS) Nasdaq debut in 2023.The report said GSM, known as Green and Smart Mobility JSC, is targeting a valuation of between $2 billion and $3 billion in an IPO that could take place from late 2026 to early 2027.Vingroup did not immediately respond to MT Newswires' request for comment.GSM has held preliminary talks with potential advisers about the IPO and could appoint them as early as Q1, according to the sources.Hong Kong was preferred over Singapore or Nasdaq due to deeper liquidity and stronger investor interest in EV and mobility companies, after VinFast faced trading challenges in the US, one source told Reuters.The report said that a successful Hong Kong listing would help fund GSM's regional expansion, strengthen its position in Southeast Asia's mobility market, and ease financial pressure on Vingroup and its founder as VinFast continues its capital-intensive growth.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.1","shortVersion":"4.36.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2595783851","isCrawlerRequest":true}