EV Maker VinFast Is Said to Plan US IPO as Soon as January (1)

VinFast, an electric vehicle maker backed by Vietnam’s richest man, is weighing whether to hold its planned initial public offering in the US as soon as January 2023, according to people familiar with the matter.

The unit of conglomerate Vingroup JSC could raise at least $1 billion but it could also be more depending on interest, one of the people said, asking not to be identified as the information is private.

VinFast has held talks with prospective investors and will consider factors including market conditions in determining the IPO timing, the people said. It filed confidentially for the US ...