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    VIC   VN000000VIC9

VINGROUP JOINT STOCK COMPANY

(VIC)
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Vingroup Joint Stock : eyes $60 bln valuation for car unit in potential U.S. IPO - sources

04/12/2021 | 07:34am EDT

April 12 (Reuters) - Vingroup JSC, Vietnam's largest conglomerate, is considering an U.S. initial public offering (IPO) of its car unit that could value VinFast at about $60 billion, two people familiar with the matter said on Monday.

Vingroup, which was founded in 1993 in Ukraine, is working with Credit Suisse Hong Kong for the potential offering on the New York Stock Exchange, the sources said.

Bloomberg News had reported earlier on Monday that the company could raise as much as $3 billion in its IPO, making it the biggest ever listing by a Vietnamese company.

A Vingroup spokesman did not immediately respond to Reuters' request for a comment.

VinFast became Vietnam's first fully fledged domestic car manufacturer when its first gasoline-powered models built under its own badge hit the streets in 2019.

VinFast, which also produces electric motorbikes and buses, obtained a permit to test autonomous vehicles on public streets in California earlier this year.

Vingroup has grown to become one of Vietnam's largest listed firms. The company, once a real estate and retail conglomerate, now also sells vehicles, television sets and smartphones. (Reporting by Phuong Nguyen in Hanoi and Noor Zainab Hussain in Bengaluru, Editing by Sherry Jacob-Phillips)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG 0.92% 9.194 Delayed Quote.-20.09%
VINGROUP JOINT STOCK COMPANY -0.11% 87000 End-of-day quote.-9.54%
All news about VINGROUP JOINT STOCK COMPANY
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07/12VINGROUP JOINT STOCK : Vietnam's VinFast starts operations in North America and Europe
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05/26VinFast adds banks to advise on U.S. listing, but plan faces delay - sources
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Analyst Recommendations on VINGROUP JOINT STOCK COMPANY
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Financials
Sales 2021 135 887 B 5 979 M 5 979 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 70,1x
Yield 2021 -
Capitalization 322 037 B 14 123 M 14 170 M
EV / Sales 2021 3,17x
EV / Sales 2022 2,37x
Nbr of Employees 44 120
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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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 87 000,00 VND
Average target price 126 703,82 VND
Spread / Average Target 45,6%
EPS Revisions
Managers and Directors
Quang Viet Nguyen Vice Chairman & Chief Executive Officer
Vuong Nhat Pham Chairman
Hiep Khac Le Vice Chairman
Chung Yee Ling Independent Director
Marc Villiers Townsend Independent Director
Sector and Competitors