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Polestar trading holds up in the weeks since its SPAC listing; here’s how the electric vehicle maker stacks up against others

PSNY

Swedish electric vehicle developer Polestar Automotive (PSNY) began trading on the Nasdaq on June 24 after completing one of the largest-ever SPAC mergers, a deal that valued the company at $20 billion. Including the PIPE, Polestar received about $890 million from the transaction, making it the year’s largest de-SPAC by money raised, with a relatively low...read more

The road less traveled: 14 auto-tech plays going public via SPAC

NIO

The quiet buzz of electric vehicles is growing louder as more EV makers choose to go public by merging with a SPAC. While several large Chinese EV companies have completed IPOs in recent years (NIO, LI, XPEV), the last major US EV maker to IPO was Tesla in 2010 (+14,584% from offer). Now many US-based EV companies are plugging into the recent SPAC trend for an alternative...read more

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