GSM Weighs International IPO With About $20 Billion Valuation Target
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Vietnamese electric-vehicle taxi operator Green & Smart Mobility JSC (GSM) is considering an international IPO that could value the company at approximately $20 billion. The company is working with advisers to evaluate the IPO's potential, but no listing is planned for 2026. GSM's future listing details, including timing and exchange, remain undecided. An overseas IPO could impact Vietnam's domestic stock market, especially as local IPO activity is increasing. GSM, established in 2023 and primarily owned by Vingroup chairman Pham Nhat Vuong, is expanding its operations in Southeast Asia.
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