VinFast Auto stock shot off the starting line after going public this past week, but the electric-vehicle start-up is likely to stall as shares as just too expensive, Al Root writes in this week’s edition of Barron’s. After an epic first day of trading on the Nasdaq, VinFast (VFS), which came public via a special purpose acquisition company on Aug. 15, closed at $37.06, up 255%. With that move, the Singapore-based company had a market capitalization of roughly $86B, more than the market cap of Ford Motor (F), General Motors (GM), and Volkswagen (VWAGY).
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