Shares of Vietnamese electric vehicle maker VinFast (VFS) surged on Tuesday after it merged with a special purpose acquisition company (SPAC).
The stock last traded at $26.73, up from its opening price of $22 and more than double Monday's closing price of its SPAC partner, Black Spade Acquisition.
VinFast merged with Hong Kong-based Black Spade, a SPAC funded by the private investment arm of Melco Resorts & Entertainment (MLCO) chief executive ...