How to buy VinFast stock
VinFast is betting big on the U.S. market, where it hopes that its electric SUVs and a battery leasing model will be enough to woo consumers away from the likes of Tesla and General Motors. They are getting the attention of potential investors and they are searching for its initial public offering (IPO) plans. Owned by Vietnam's largest conglomerate Vingroup, VinFast aims to set up its headquarters in Los Angeles and reportedly aims to invest US$ 200 million. The company expects to have a post-IPO value of $25 billion to $60 billion.
How to buy VinFast stock before the IPO
To participate in VinFast IPO you need to use an IPO investing app like Charles Schwab, TD Ameritrade, E*Trade or Fidelity. They give its customers access to IPOs and secondary offerings through their existing brokerage account.
If you do choose to buy VinFast’s shares in an IPO, you should study the S-1 prospectus, which is a document filed with the U.S. Securities and Exchange Commission that provides detailed information on the company, including financial results, growth opportunities, and insider ownership and voting rights.
How to buy VinFast stock when it goes public
After the IPO you can buy VinFast stocks via a brokerage account. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
Should you invest in VinFast?
VinFast unveiled two electric sport utility vehicles, VF e35 and VF e36, at the Los Angeles Auto Show on Wednesday. Vingroup said the company is targeting global electric vehicle sales of 42,000 units next year, up from its previous plan of 15,000. It will begin taking pre-orders in the U.S. market for the electric SUVs in spring 2022 and expects to begin delivering them in the fourth quarter of that year.
The IPO is expected to raise arond $3 billion, bringing the company's valuation to $60 billion. The $60 billion rumored valuation would be greater than the current valuations of Ford ($48 billion) or Stellantis (€47 billion). It would be approximately the same as NIO's valuation ($58 billion), and less than the present valuation of GM ($84 billion).
