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Market Chatter: Vietnam's GSM Mulls US Expansion Before Hong Kong IPO

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Vietnam's Green & Smart Mobility (GSM) is considering entering the U.S. market by the end of 2026 as it prepares for a potential Hong Kong IPO, Bloomberg News reported Thursday.

The electric ride-hailing firm is also weighing expansion into Sweden and the Netherlands, adding to its operations in Laos, Indonesia, India, the Philippines, Denmark and Kazakhstan, the report said.

GSM is targeting a Hong Kong listing in 2028, subject to market conditions. The company has previously said the IPO could value it at about $20 billion, according to the report.

GSM did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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