Vietnamese leading electric vehicle maker VinFast will kick off its first trading day in the U.S. Nasdaq on Tuesday after the merger with a special purpose acquisition company (SPAC).
VinFast is expected to list and trade on the tech-heavy Nasdaq Composite on Tuesday morning in New York, following the merger with Black Spade Acquisition, which is a U.S.-listed special purpose acquisition company. This is a well-known easier method to enter the U.S. market.
According to the filing in June, the deal values Vietnam’s VinFast at approximately $23 billion.
