Is polestar shortly before 25 billion. US dollar heavy IPO?

Is polestar shortly before 25 billion. US dollar heavy IPO?-polestar

Polestar, the Perfomance Electric Daughter of Volvo Cars and its owners Zhejiang Geely Holding Group, is in conversations to go through a fusion with Gores Guggenheim, a Spac company, to the stock market. So persons who should have knowledge in this matter. The combined company could be worth 25 billion US dollars according to IPO. Currently there are no definitive agreements be made.

Gores Guggenheim is a Special Purpose Acquisition Company (SPAC). This is an acquisition purpose company or. A mantel society, which initially collects capital via an IPO, in order to invest in a second step in the acquisition of a (previously not determined) company. For the company to be accepted, the purchase by a SPAC is an alternative to a conventional IPO (IPO).

Previously, Gores Guggenheim, Polestar and Volvo and Geely Comments were rejected. The company resident in Swedish Gothenburg Polestar, which is headed by CEO Thomas Ingenlath, is a competitor of Tesla and the e-auto manufacturer Lucid Motors. The company had already examined options for an IPO this year, as Bloomberg News reported in March.

The second vehicle of the company and the first fully electric car, the Polestar 2, began in March with production in Geelys plant in Luqiao, China. In September, the automaker announced that he will take another vehicle, the Polestar Precept, in production. In addition, the Swedish Premium Electric Automobile Polestar will produce its first fully electric SUV in the USA. The Polestar 3, an aerodynamically drawn electric SUV, will be prepared along with new Volvo vehicles in the production center of Volvo Cars in Ridgeville, South Carolina, as the company. The polestar vehicles from South Carolina are intended for the US market.

With this step, Polestar wants to set up as a brand more global: In addition to the headquarters in Sweden and the established sales and sales organizations in Europe, Polestar with China and the USA has production capacities in the two world’s largest single markets for electric vehicles.

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2 thoughts on “Is polestar shortly before 25 billion. US dollar heavy IPO?”

  1. Inflation pure -.-
    The company is never worth 25 billion

    These whole artificially inflated capital collection tanks are not good for our economy ..

    Where still that leads …

    It remains exciting


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