Polestar manufacturer of premium electric cars, of Swedish origin, will debut this Friday on the New York Stock Exchange, considered the world’s stock market, through a partnership with “Gores Guggenheim, a Special Purpose Acquisition Company (SPAC), in one of the most common modalities in recent times to enter the stock market.
The companies estimate to get some 850 million pains in its launch and to date have managed to book “at least a maximum of 25 percent in the preliminary round.”
Thomas Ingenlath, CEO of Polestar, indicated that the automotive company will be listed on the Nasdaq, which is a benchmark market for technology shares and a true “milestone” for the company. “We are excited about the future of Polestar and will continue to build world-class electric cars, expanding into more markets around the world.”
Separately, Alec Gores, Chairman of the Gores Guggenheim Investment Fund, which currently manages some $800 million in assets, added: “We are proud of the momentum Polestar has generated in recent months.”
The brand of the Asian giant
In 2017, the Swedish automobile leader Volvo founded an automotive brand, which was established as a new independent manufacturer, with expansion in the luxury car segment and is part of the Chinese group Geely, one of the great global market dominators.
The car models manufactured by Polestar are made in two of Geely’s factories, the Asian giant, although the company plans to build a plant in the United States.
By 2023, the Polestar company, in its expansion strategy, plans, in addition to building the factory in the United States, to venture into 30 different world markets and although it currently only has two car models; the Polestar 1 and 2. It plans to launch three new models in the next two years.
M. Rodríguez
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Source: finanzas.com
