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
One biotech and three SPACs went public this past week as the IPO market shows more signs of opening up. The VIX volatility index is hovering around 30, the IPO index is now up 58% from its March lows, and eight companies submitted initial filings, the most...read more
GigCapital3, the third blank check company led by semiconductor veteran Avi Katz, raised $200 million by offering 20 million units at $10. Anchor investor Cohen & Co indicated on $17 million of the IPO (9% of the deal). Units consist of one share of...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: Filing activity pops in a 1 IPO week
One biotech and three SPACs went public this past week as the IPO market shows more signs of opening up. The VIX volatility index is hovering around 30, the IPO index is now up 58% from its March lows, and eight companies submitted initial filings, the most...read more
TMT SPAC GigCapital3 prices $200 million IPO at $10
GigCapital3, the third blank check company led by semiconductor veteran Avi Katz, raised $200 million by offering 20 million units at $10. Anchor investor Cohen & Co indicated on $17 million of the IPO (9% of the deal). Units consist of one share of...read more