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Vietnam EV taxi firm GSM plans Hong Kong IPO at $2–3 billion valuation
BusinessLine· 2025-12-29 15:15
Vietnameseelectric-vehicle taxi operator GSM, part of the Vingroupstable of companies, plans to list in Hong Kong in whatcould be the first IPO in the city by a firm from the SoutheastAsian nation, two sources said.GSM, officially known as Green and Smart Mobility JSC, istargeting a valuation of $2 billion to $3 billion in the initialpublic offering that could take place in late 2026 to early2027, the sources said.One of the sources added that GSM aimed to raise at least$200 million and the other said t ...