Vietnam EV maker VinFast’s shares surge in Nasdaq debut

Vietnam’s electric automaker VinFast celebrated its debut as a public company on Aug 15, with its shares trading on the Nasdaq stock exchange in the US. The IPO became a reality after VinFast completed its merger a day earlier with Hong Kong-based special purpose acquisition company (Spac) Black Spade, in what was the largest M&A deal in the Asia-Pacific region so far this year. It is also the fourth highest for such Spac deals.