16
Aug
07:12
VinFast's stock price drops after peaking on Nasdaq debut
The stock price of Vietnamese carmaker VinFast dropped about 23% to around $26.68/share on Wednesday morning (US time) after a peak of $37/share on its first day on Nasdaq, Kallanish reports.
The company was listed on 15 August via a special purpose acquisition deal with Black Spade.
Its stock price closed at $37/share on the day of this initial public offering (IPO). Based on this stock price, VinFast’s valuation reached $85 billion at closing, surpa…
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