SHANGHAI, Jan 31 (Reuters) – Lotus Technology said on Tuesday that it will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp (LCAA.O) in a deal that will value the combined group at $5.4 billion. The valuation takes into account $288 million of cash in...
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ChatGPT share sale: OPENAI IPO
ChatGPT has been on everyone’s lips since its launch late last year. How will the chatbot disrupt life as we know it? Also, will parent company OpenAI be going public any time soon? What is ChatGPT? ChatGPT is an artificial intelligence (AI) chatbot developed by OpenAI, a research company based in San Francisco, US. The...
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Tesla’s Vietnam rival VinFast weighs US IPO launch in second quarter
VinFast, an electric vehicle maker backed by Vietnam’s richest man, is considering launching its US initial public offering as soon as the second quarter this year, according to people familiar with the matter. The unit of conglomerate Vingroup JSC, founded by Pham Nhat Vuong, has been working with banks including JPMorgan Chase & Co. and...