RALEIGH – VinFast, the electric vehicle maker planning to build an auto plant in Chatham County, reportedly will pick the Nasdaq Global Select Market to list its shares in a coming merger and stock offering that could produce as much as $23 billion.
So reports Bloomberg, citing an unnamed source “familiar with the matter.”
A stock listing would following the completion of a so-called “special purpose acquisition company,” or SPAC.
VinFast has announced plans to merge with publicly listed Black Spade Acquisition Co., which is based in Hong Kong. The deal could happen as soon as July 20, according to an SEC filing.
In a statement, VinFast told Bloomberg a decision on where to list the stock has not been made.
VinFast looks to ease vehicle buying from order to finance to delivery
