VinFast stays above the $40 billion threshold, how is liquidity on Nasdaq?

Opening the official trading session on September 19 on the US Nasdaq stock exchange (September 19 evening Vietnam time), VinFast Auto (VFS) shares of billionaire Pham Nhat Vuong increased quite strongly, thereby keeping the capitalization above the threshold of 40 billion USD.

Specifically, as of 8:50 p.m. on September 19 (Vietnam time), VFS shares increased by 1.3% compared to the previous session to 17.6 USD/share.

Previously, VinFast shares had reached a price of 93 USD/share in the trading session on August 28. VinFast's capitalization at that time reached nearly 210 billion USD.

VinFast's stock price has been quite stable recently but liquidity has decreased.

With a current capitalization of about 40-41 billion USD, VinFast is still ranked above Chinese car company Li Auto and ranked 13th in the world car industry.

The world's largest electric car company is still Elon Musk's Tesla ($848 billion), followed by Japanese car company Toyota ($267 billion). China's largest electric car company is BYD with a market capitalization of $96.2 billion.

Chinese electric car company Li Auto (headquartered in Beijing) has a capitalization of 38.6 billion USD.

VinFast is a car company founded in 2017 and will officially switch to electric vehicles from 2022. VinFast estimates selling 50,000 electric cars in 2023.

VinFast's capitalization remains above the $40 billion threshold.

In the past 8 sessions, VinFast shares have been quite stable around the price of 16-18 USD/share.

VinFast shares are no longer as volatile as they were in the first 3 weeks of listing, but liquidity on Nasdaq has decreased compared to before. VFS shares have traded 2-4 million units in each recent session, instead of 10-15 million, or even more than 19 million units per session in the previous bustling days.

VinFast is a new electric car company in the world market. VinFast has many big plans but most of the information is not updated, including the progress of penetrating the US, Canada and European markets.

VinFast's market capitalization skyrockets to $42 billion, surpassing Chinese electric carmaker VinFast's stock unexpectedly continued to rise at the opening of trading on September 18 on the Nasdaq stock exchange. The market capitalization of billionaire Pham Nhat Vuong's car company reached nearly $42 billion, surpassing Chinese carmaker Li Auto.

Source: https://vietnamnet.vn/vinfast-tru-tren-nguong-40-ty-usd-thanh-khoan-tren-nasdaq-ra-sao-2191817.html