5 Most Anticipated IPOs of 2022

2. VinFast

Potential Valuation: $60 billion

VinFast is a Vietnamese automaker that was founded as a private limited liability company in 2017. The company aims to deliver electric vehicles, in addition to its regular automobiles, motorcycles, and commercial vehicles. VinFast is the first automaker from Vietnam to hit the global markets. The company is a member of Vingroup, a giant Vietnamese conglomerate that operates in the technology, real estate, retail, healthcare, and hospitality sectors. 

VinFast expects to be publicly listed in the United States by the second half of 2022, raising at least $3 billion via its IPO. Vingroup has created a holding company named VinFast Singapore, which will carry out the VinFast IPO and proceed to make it a global brand. VinFast expects EV sales of 42,000 units in 2022, up from its prior guidance of 15,000 vehicles. The company is confident in gaining market share in the United States, and competing with mainstream names like Tesla, Inc. (NASDAQ:TSLA) and General Motors Company (NYSE:GM). The potential valuation of VinFast came in at $60 billion, making it one of the most anticipated IPOs of 2022 amid market interest in electric vehicles.