Shares of Volvo’s EV Brand Polestar to Begin Trading on the NASDAQ After Closing on its SPAC Deal With Gores Guggenheim

​Electric performance brand Polestar, which is jointly operated by Sweden’s Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding ("Geely"), has closed on its previously announced business combination with Gores Guggenheim, a special purpose acquisition company. As a result, the the automaker’s shares will begin trading on the NASDAQ under the ticker symbol “PSNY” on June 24, 2022.

Eric Walz2022-07-30 08:30 PT

Volvo’s Electric-Performance Brand Polestar to Go Public in a $20 Billion SPAC Deal With Gores Guggenheim, Inc.

​After months of rumors, electric-performance vehicle brand Polestar, which is jointly operated by Swedish automaker Volvo Cars and its parent company Chinese automaker Zhejiang Geely Holding (“Geely”), announced on Monday an agreement to merge with special purpose acquisition company (SPAC) Gores Guggenheim, Inc.

Eric Walz2021-11-03 10:15 PT

Lidar Startup Innoviz Technologies to Go Public in a $1.4 Billion SPAC Deal, Shares Will be Listed on the NASDAQ

Lidar startup Innoviz Technologies is set to become the third lidar company to go public in recent months in a merger with special purpose acquisition company (SPAC) Collective Growth Corporation. The transaction is expected to close in the first quarter of 2021. The combined company is expected to have an estimated equity value of approximately $1.4 billion and to be listed on NASDAQ under the ticker symbol “INVZ”.

Eric Walz2021-01-17 12:30 PT

Beijing-based Automaker Li Auto Raises $1.47 Billion in its U.S. IPO, Stock Soars Over 43%

Beijing-based automaker Li Auto launched its U.S. initial public offering (IPO), becoming the latest automaker from China to launch a U.S. IPO on the NASDAQ to raise new funding. The Beijing-based automaker sold 95 million American depositary shares (ADSs) for $11.50 on the Nasdaq Global Select Market on Wednesday after marketing them between $8 to $10. On Thursday, Li Auto’s stock surged 42% to $16.32 a share.

Eric Walz2020-09-05 09:45 PT

Chinese Automaker Li Auto Files for a U.S. IPO

Chinese electric vehicle startup Lixiang Automotive Inc. (Li Auto) has filed for a U.S. initial public offering (IPO). In a filing with the U.S. Securities and Exchange Commission, the company said it intends to list its shares on the Nasdaq under the symbol “LI.” Li Auto is hoping to take advantage of the strong interest in electric vehicles from investors.

Eric Walz2020-08-19 12:45 PT

Lyft Stock Slips Below its IPO Price After Receiving its First Sell Rating

Lyft received its first negative review from an analyst who is skeptical that consumers will give up personal car ownership in favor of relying on ride-hailing services. Lyft’s shares fell as much as 4.2 percent to $66.10 on Tuesday, their second straight session of losses after $72 initial public offer on Friday.

FutureCar Staff 2019-05-09 13:00 PT