Vinfast Is Targeting 10%-20% Of Its Stock To Be Free Float By End Of Year From About 2% Now
Portfolio Pulse from Benzinga Newsdesk
Vinfast, a Vietnamese electric vehicle maker, is planning to increase its stock's free float from the current 2% to between 10%-20% by the end of the year, according to Reuters citing the company's chair.
January 09, 2024 | 6:46 pm
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Vinfast's intention to increase its free float could lead to greater market liquidity and potentially more interest from investors.
Increasing the free float of a stock generally improves liquidity, making it easier for investors to buy and sell shares. This can attract more investors and potentially increase the stock price, especially if the market perceives the move as a sign of confidence by the company.
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