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It is reported that Volvo's Polestar will be listed through ...
It is reported that Volvo's Polestar will be listed through SPAC, with a valuation of 20 billion U.S. dollars.
$Gores Guggenheim (GGPI.US)$ $Volvo AB Unsponsored ADR Class B (VLVLY.US)$ Polestar, an electric car brand owned by Volvo Cars, has agreed to go public through a merger with the special purpose acquisition company Gores Guggenheim.
The transaction may be announced as early as Monday, and one of the sources said that the combined company's valuation will reach about $20 billion.
It was reported in June this year that Polestar was negotiating to go public through a merger with Gores Guggenheim.
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lailie : Great to see an EV manufacturer deal go through with shipping vehicles, revenue and open sales locations.
Geertruida : Lets see: Polestar $20 billion valuation and has revenue and production. Pre rev Lucid $40 billion valuation, Rivian $80 billion valuation. Plus $10 floor before De-SPAC.
Yea im going with Polestar
71013371 : Iim a rookie. I'm so lost. just would like 2stoocks .