VinFast debuts with 254% gains! Will Vietnamese EV maker continue to impress market?
@MillionaireTiger:
$VinFast Auto(VFS)$ , a Vietnamese electric vehicle (EV) maker, recently made its debut on the Nasdaq stock exchange through a $23 billion backdoor listing facilitated by a special purpose acquisition company (SPAC) called $Black Spade Acquisition Co.(BSAQ.U)$ . Vietnamese EV Maker VinFast Debuts on the Nasdaq, and Shares SoarVinFast's stock opened at $22 per share, which was more than double the $10 per share agreed upon with its SPAC partner. The stock price surged during the trading session, closing at $37.06. This increase in stock price valued the company at $85 billion, surpassing the market capitalizations of established automakers like $Ford(F)$ and