VinFast Stock Is Worth More Than Ford, Rivian, Lucid and Polestar
$VinFast Auto(VFS.US$ share price surged 254.64% yesterday closing price USD 37.06
Quote:
Investors still have an appetite for EV start-ups backed by special-purpose acquisition companies. Just look at the amazing debut of the Vietnamese maker of electric vehicles.
It began life on Tuesday as a publicly traded company on the Nasdaq stock exchange after closing its merger with the SPAC Black Spade Acquisition (ticker: BSAQ). With the deal closing, Black Spade essentially becomes VinFast. The stock symbol changes to “VFS” from “BSAQ.”
The VinFast-Black Spade merger was a deal investors were enthusiastic about. It valued VinFast stock at roughly $23 billion, more than the market capitalization of Rivian Automotive (RIVN), Lucid Group (LCID), or Polestar Automotive (PSNY). All three of those EV start-ups have some traction with investors.
It began life on Tuesday as a publicly traded company on the Nasdaq stock exchange after closing its merger with the SPAC Black Spade Acquisition (ticker: BSAQ). With the deal closing, Black Spade essentially becomes VinFast. The stock symbol changes to “VFS” from “BSAQ.”
The VinFast-Black Spade merger was a deal investors were enthusiastic about. It valued VinFast stock at roughly $23 billion, more than the market capitalization of Rivian Automotive (RIVN), Lucid Group (LCID), or Polestar Automotive (PSNY). All three of those EV start-ups have some traction with investors.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Lucid Group(LCID.US$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Shorty got low : Prob crash soon just like the other EVs , so be prepared for that
ZnWC OP Shorty got low : May be this one different
butter : wow itz killing da top auto makers
102095561 : like rivian chiong the. drop 80%
102095561 : come to us market get cash still got a lot clown buying this ev another mullen
tsla 2017 : Do you in Vietnam also dare to blow, are you trying to trick everyone into using chives
ZnWC OP : I must thank someone who has 4221 followers visited my homepage. I'm proud about my followers who continue to support me![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
KingNY-Life : Not worth it at all