On December 30th, sources reported that Green & Smart Mobility JSC (hereinafter referred to as GSM), Vietnam's leading electric vehicle taxi operator, is weighing the possibility of launching an overseas Initial Public Offering (IPO), with the company's potential valuation soaring to as high as US$20 billion. GSM, which is backed by Vietnam's wealthiest individual, is presently working in tandem with financial advisors to comprehensively assess the IPO from various angles. Nevertheless, the company has unequivocally stated that it will not embark on a public listing before 2026.

GSM has officially confirmed its IPO aspirations and valuation goal via an email statement, highlighting that the ultimate valuation will hinge on the timing of the listing and prevailing market conditions. At present, GSM has yet to establish a concrete timetable or select a stock exchange for the listing. Moreover, the company has refrained from disclosing the anticipated amount of funds it aims to raise through the offering.