Vietnam’s EV Maker ‘VinFast’ Expects First Trading Day on US Nasdaq Today

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.