August 16, 2023 BY Elizabeth Anderson
VinFast’s market debut at $65bn de-SPAC valuation
Worth an estimated $85bn, the Vietnamese electric vehicle manufacturer’s market capitalisation shot past that of General Motors Co. and Ford Motor Co. This company entered the market after merging with Black Spade Acquisition Co. At closing, it topped the closing price of the SPAC with 255%, making it the best-performing de-SPAC on the Nasdaq so…
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