Citigroup

Vietnamese electric vehicle (EV) maker VinFast unveiled on December 7 that it has submitted a listing application under the form F-1 to the US Securities and Exchange Commission (SEC) as it prepares for an initial public offering (IPO). A representative of VinFast introduces two electric SUV models, VF e35 and VF e36, at the 2021 Los Angeles Auto Show in the United States – PHOTO: VINGROUP At present, the number of shares set to be offered and the expected price range has yet to be determined. VinFast plans to list common shares on the Nasdaq Global Select Market with the ticker symbol "VFS". Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, and J.P. Morgan Securities LLC will act as lead book-running managers and as representatives of the underwriters for the proposed offering. Furthermore, BNP Paribas Securities Corp., HSBC Securities (USA) Inc., RBC Capital Markets, LLC, and Wolfe will also serve as the … [Read more...] about VinFast unveils submission of listing documents for US IPO

An electric vehicle charging station of VìnFast. — Photo courtesy of the company VinFast Trading & Investment Pte. Ltd. (VinFast) on Wednesday announced that it has publicly filed a registration statement on Form F-1 with the Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. VinFast intends to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol VFS. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC will act as lead book-running managers and as representatives of the underwriters for the proposed offering. BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Nomura Securities International, Inc., WR Securities, LLC and RBC Capital Markets, LLC will also be book-running managers. … [Read more...] about VinFast to announce public filing of registration statement for IPO

If approved, VinFast will become the second Vietnamese enterprise to list shares on the US stock market after Cavico's listing in 2009. Electric vehicle maker VinFast Trading & Investment Pte. Ltd. on December 7 announced the company has filed for the initial public offering (IPO) on the New York Stock Exchange. The front gate of the VinFast manufacturing plant in Vietnam's northern city of Haiphong. Photo courtesy of the company VinFast has not revealed how many and how much the shares will be offered at the IPO. If the deal is done, VinFast shares will be labeled as VFS on the Nasdaq Global Select Market. A draft IPO file was sent to the SEC in April, according to VinFast. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC will underwrite the IPO for VinFast. BNP Paribas Securities Corp., HSBC Securities (USA) Inc., RBC Capital Markets, LLC and Nomura are book-runners of the … [Read more...] about VinFast files for US public listing

An electric vehicle charging station of VinFast . (Photo courtesy of the company) Hanoi (VNA) - VinFast Trading & Investment Pte. Ltd. (VinFast) on December 7 announced that it has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC) relating to the proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. VinFast intends to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol VFS. Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC will act as lead book-running managers and as representatives of the underwriters for the proposed offering. BNP Paribas Securities Corp., HSBC Securities (USA) Inc., Nomura Securities International, Inc., WR Securities, LLC and RBC Capital Markets, LLC will also be … [Read more...] about VinFast announces public filing of registration statement for IPO

The submission of documents to the US Securities and Exchange Commissionwas announced on December 7 but the number of shares and price have not been defined or revealed. VinFast plans to list its common shares on the Nasdaq Global Select Market with the code VFS. Citigroup Global Markets, Morgan Stanley & Co, Credit Suisse Securities (USA), and J.P. Morgan Securities will be the lead bookmakers (an IPO valuation process) and the underwriters' representatives for the proposed offering. BNP Paribas Securities, HSBC Securities (USA), RBC Capital Markets, and Wolfe - Nomura Alliance will be co-bookmakers and Robert W. Baird & Co., Inc. will be co-managers. Nasdaq is one of the two largest stock exchanges in the US along with the New York Stock Exchange. As of the end of October, these two exchanges had a total market capitalisation of nearly $40 trillion, of which Nasdaq's capitalisation was more than $17 trillion. Nasdaq includes three separate segments: The Nasdaq … [Read more...] about VinFast submits IPO in the US

At a bank Merger and acquisition (M&A) continue to be a driver for transformation in the financial--banking services (FS) sector, specifically strategic share offerings and financial companies to foreign investors, which is moving slowly.  However, blockbuster deals will take place in the coming time simultaneously with restructuring of weak banks. In the list of Top 10/50 typical M&A deals in the period 2021-2022 just announced by the M&A Forum 2022, there are two deals in the financial sector. One of them is that Singapore’s UOB Bank acquired the entire retail banking segment of Citigroup in Vietnam. The value of the deal was not disclosed, but the event is part of a US$3.7 billion deal in which Citigroup sold all of its retail business in four Southeast Asian countries to UOB. Another deal is that Japan’s Sumitomo Mitsui Financial Group bought 49 percent of FE Credit shares with a transaction value of $1.4 billion. In addition, other M&A deals in the … [Read more...] about Experts forecast M&A blockbuster deals in addition to bank restructuring

Financiers face disappointment when their compensation awards land in the first quarter, and thousands more of their colleagues could be laid off after hundreds were let go this year, according to recruiters and compensation experts. Last year, the industry handed out the biggest awards since 2006 as the economy roared back from the pandemic. But this year, the pace of mergers and acquisitions and stock offerings dramatically slowed as debt financing markets collapsed and stock market volatility hurt valuations. The outlook for a recession also increased as the year progressed with the Federal Reserve aggressively raising interest rates to tackle inflation, cooling economic activity. For U.S. managing directors at Goldman Sachs Group Inc, leaner times will probably translate to a 40% to 45% decline in average compensation for 2022, according to data provided to Reuters by Sheffield Haworth, a recruitment firm for top executives. At rival Morgan Stanley, average pay for senior … [Read more...] about Banker bonuses go from boom to bust in jarring reversal