Tech Insider
Company names and logos are on display at the Nasdaq MarketSite at Times Square in New York City.
Companies that came to market via SPAC mergers are struggling.

Leonardo Munoz/VIEWpress

  • VinFast soared more than 800% in one of the year's best market debuts until Tuesday.
  • The value of the Vietnamese EV maker, which debuted via a SPAC merger, fell $83 billion that day. 
  • More than 75% of Spac-led mergers this year are below their float price, Bloomberg data showed.

VinFast's remarkable stock market debut derailed on Tuesday, wiping $83 billion off its value. 

Tags
Markets, mi-exclusive, Markets, EV, SPAC, float, IPO, NASDAQ, vin-fast-stock, spac-deals
Source
Beware VinFast's meteoric rise – more than three-quarters of this year's SPAC d…