Vietnam’s GSM Weighs Overseas IPO, Eyes $20 Billion Market Value

Vietnamese electric-vehicle taxi operator Green & Smart Mobility JSC, which is owned by the country’s richest man, is weighing an international initial public offering that could value the company at about $20 billion.

The company said it has been working with advisers to assess a “range of perspectives” on the IPO, but emphasized that no listing is planned for 2026. “We have plans for an IPO, but not in 2026,” GSM, as the company is known, said in an emailed statement, where it confirmed the value target.