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    VIC   VN000000VIC9

VINGROUP JOINT STOCK COMPANY

(VIC)
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VinFast Adds Banks to Advise on U.S. Listing, But Plan Faces Delay

05/26/2021 | 04:15am EDT

VinFast Trading and Production LLC has added JPMorgan Chase & Co. (NYSE:JPM) and Deutsche Bank Aktiengesellschaft (XTRA:DBK) to a team advising it on a planned U.S. listing, a Group Executive said, but sources said Vietnam’s likely first U.S. listing faces a delay due to uncertainty over regulations. “VinFast is working with advisers including JPMorgan and Deutsche Bank in the syndicate for the U.S. listing,” Le Thi Thu Thuy, Vice Chairwoman of Vingroup Joint Stock Company (HOSE:VIC), told Reuters. JPMorgan and Deutsche Bank declined to comment. Reuters reported earlier in the month that VinFast was eyeing a valuation of about $60 billion and had appointed Credit Suisse to lead the potential transaction. Sources have said VinFast’s IPO could raise at least $2 billion, and one source had said a deal was slated for the second quarter of 2021. VinFast’s preferred scenario is to merge with a SPAC for a U.S. listing, said two sources who had direct knowledge of the matter. However, they said the talks with the SPACs haven’t made much headway in terms of coming up with deal proposals or a specific timeline for a listing. This was due to uncertainty surrounding SPAC regulations in the United States, said the sources, who did not want to be named as the information has not yet been made public.


© S&P Capital IQ 2021
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 0.42% 9.63 Delayed Quote.-15.53%
VINGROUP JOINT STOCK COMPANY 0.88% 91800 End-of-day quote.-4.55%
All news about VINGROUP JOINT STOCK COMPANY
10/20VINGROUP JOINT STOCK : to build $387 million battery cell plant in central Vietnam
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10/18VINGROUP JOINT STOCK : VinFast to Start Accepting Pre-orders for Electric Vehicles
MT
10/14VINGROUP JOINT STOCK : Vietnam carmaker Vinfast eyes start of U.S. deliveries in late 2022..
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10/06VINGROUP : VinFast & Europe's AUTOBEST enter new strategic partnership
DJ
09/23Vietnam's carmaker VinFast eyes more countries for its European strategy
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08/25VINGROUP JOINT STOCK : VinFast Enters Partnerships with Advanced Electric Vehicle Battery ..
MT
08/03ARCTURUS THERAPEUTICS : Collaborates with Vingroup to Establish Manufacturing Facility in ..
AQ
08/02ARCTURUS THERAPEUTICS : to start clinical trial of COVID-19 vaccine in Vietnam
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08/02ARCTURUS THERAPEUTICS : to Partner With Vingroup to Launch its COVID-19 Vaccine Candidate ..
MT
07/30Vingroup Joint Stock Company Reports Earnings Results for the Second Quarter Ended June..
CI
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Analyst Recommendations on VINGROUP JOINT STOCK COMPANY
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Financials
Sales 2021 137 296 B 6 041 M 6 041 M
Net income 2021 3 621 B 159 M 159 M
Net Debt 2021 108 332 B 4 767 M 4 767 M
P/E ratio 2021 60,7x
Yield 2021 -
Capitalization 339 804 B 14 904 M 14 951 M
EV / Sales 2021 3,26x
EV / Sales 2022 2,53x
Nbr of Employees 88 220
Free-Float 23,4%
Chart VINGROUP JOINT STOCK COMPANY
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Vingroup Joint Stock Company Technical Analysis Chart | VIC | VN000000VIC9 | MarketScreener
Technical analysis trends VINGROUP JOINT STOCK COMPANY
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TrendsBullishBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 91 800,00 VND
Average target price 118 805,64 VND
Spread / Average Target 29,4%
EPS Revisions
Managers and Directors
Quang Viet Nguyen Vice Chairman & Chief Executive Officer
Vuong Nhat Pham Chairman
Hiep Khac Le Vice Chairman
Marc Villiers Townsend Independent Director
Hang Thuy Pham Vice Chairman
Sector and Competitors