Hong Kong CNN —Shares of VinFast, the Vietnamese electric vehicle maker that went public in a red-hot Wall Street debut last week, enjoyed another stunning rally again Tuesday.
The strong market performance could make it easier for VinFast to raise more money from investors, a move CEO Thuy Le told CNN the company was considering.
A similar story played out last week, when VinFast began trading on the Nasdaq.
Public trading of VinFast (VFS) is based on razor-thin volumes — just 1% of the shares, which means price moves can be extremely volatile.
On Tuesday, VinFast was one of the top trending companies and “most watched” stocks on Stocktwits, a social network for investors.
Persons:
Thuy Le, VinFast, Pham Nhat Vuong, CNN’s Julia Chatterley, Le, “, ”, ” Le, Nhac Nguyen, Pham, CNN’s Livvy Doherty
Organizations:
Hong Kong CNN —, CNN, Nasdaq, Volkswagen, Ford, Getty, Volkswagen Group
Locations:
Hong Kong, New York, lockup, Hanoi, AFP, North Carolina, Asia, United States