Shares of VinFast fell early Friday, extending some of the steep losses since a surge that made the electric vehicle company one of the world’s most highly valued automakers.
VinFast stock recently lost about 3%. The price closed at $17.99 on Thursday, well below its peak of just over $82 on August 28th.
Shares of the Vietnamese company skyrocketed after its IPO. On its first day of trading on August 15, VinFast reached a valuation of more than $80 billion, putting it above more established companies like Ford and General Motors. Later in the month the value doubled again.
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-09-08-2023/card/vinfast-stock-s-early-highs-are-in-the-rear-view-mirror-now-6SRE15cJvfFVRpKFwSIn?siteid=yhoof2&yptr=yahoo VinFast stock’s early highs are now in the rearview mirror