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...read more
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...read more
The US's #2 ridesharing app has finally shared its financials. Lyft filed publicly for an IPO that we estimate could raise $3 billion. The "decacorn"...read more
Hennessy Capital Acquisition IV, a blank check company targeting the industrial and infrastructure sectors, raised $261 million by offering 26.1 million units at $10. The company had originally planned to raise $250 million. BlackRock expressed an interest in...read more
Polestar trading holds up in the weeks since its SPAC listing; here’s how the electric vehicle maker stacks up against others
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...read more
The road less traveled: 14 auto-tech plays going public via SPAC
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...read more
US IPO Weekly Recap: The IPO market gets a Lyft
The US's #2 ridesharing app has finally shared its financials. Lyft filed publicly for an IPO that we estimate could raise $3 billion. The "decacorn"...read more
Hennessy Capital Acquisition IV prices upsized $261 million IPO at $10
Hennessy Capital Acquisition IV, a blank check company targeting the industrial and infrastructure sectors, raised $261 million by offering 26.1 million units at $10. The company had originally planned to raise $250 million. BlackRock expressed an interest in...read more