VinFast debuts with soaring shares, then slips

VinFast Auto shares slump after soaring debut on Nasdaq
VinFast Auto’s shares experienced a sharp decline in early U.S. trading following its impressive debut on the Nasdaq Global Select Market. The Vietnamese electric vehicle start-up’s stock price surged by 255% during its first day of trading, giving it a market capitalization of $85 billion. However, the optimism surrounding VinFast’s stock quickly faded as investors started to question the company’s ability to sustain its growth and meet its ambitious goals.