EV Maker Polestar Weighs Listing Options Including SPAC
- Polestar is also exploring IPO in the U.S. or Hong Kong
- EV maker could be valued at more than $10 billion in a listing
Polestar, the electric-carmaker controlled by Volvo Car AB and its owner Zhejiang Geely Holding Group Co., is exploring options for going public as soon as this year, according to people with knowledge of the matter.
The company is working with an adviser as it weighs alternatives including a U.S. or Hong Kong initial public offering, or a merger with a special purpose acquisition company, the people said. The EV maker could be valued at more than $10 billion in any transaction in which it goes public, the people said.