According to sources cited by The Wall Street Journal, Polestar is about to go public through SPAC, with a valuation of $21 billion!
Polestar is in deep talks with Gores Guggenheim. If negotiations do not break down, an agreement may be reached by Monday!
In April of this year, Polestar raised $550 million in external funding and announced plans in June to start producing the Polestar 3 electric sport multifunctional vehicle at Volvo’s US plant in South Carolina in the second half of 2022.
Volvo also restarted its IPO plan in Sweden this year. Sources say that Volvo will go public at the end of September with a valuation of $20 billion.
🔗Source: The Wall Street Journal
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This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.