HANOI, May 14 : VinFast, an electric vehicle maker founded by Vietnam's richest person, is going public through a merger with blank-check company Black Spade Acquisition Co. in what would be the largest-ever US listing by a company from the South-East Asian country. The deal will give VinFast an equity value of about $23 billion, according to a statement from the parent company Vingroup JSC on Friday. Including debt, the EV maker will be valued at around $27 billion. VinFast shareholders will own approximately 99% of the combined entity after the transaction, which is expected to close in the second half of this year, subject to regulatory and shareholder approvals.

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