How to invest in Polestar?
Stock information
- Market capitalization: $942368096256
- P/E ratio: 188.4327
- PEG ratio: 2.6328
- Dividend yield: 0%
Is Polestar publicly traded?
Upon closing of the deal, the combined company will be publicly traded under the name Polestar Automotive Holding UK Limited. It is expected to be listed on Nasdaq with the ticker symbol ‘PSNY’. Proceeds from the SPAC deal are expected to be $800 million from Gores Guggenheim and $250 million from private investment in public equity (PIPE) funding.
Is Polestar owned by Volvo?
Polestar was once Volvo’s racing skunkworks, but it’s morphed into a standalone electric offshoot, jointly owned by Volvo and its Chinese mothership, Geely. Its cars are built in China, to be sold...
Is Polestar going public?
In September, Polestar announced plans to list as a standalone public company on the Nasdaq as part of a deal with Gores Guggenheim, an U.S. special purpose acquisition company.
Is Polestar on the stock market?
Following the completion of the business combination, Polestar's common stock is expected to begin trading on Nasdaq on Friday under the new ticker symbol PSNY.
How high will Polestar stock go?
The deal, which would take Polestar public, could peg the automaker's market valuation as high as $25 billion, according to analysts.
Who owns Polestar stock?
Volvo acquired Polestar in 2015 to build on the success of these early models. In 2017, Volvo and Geely established Polestar as a standalone premium EV manufacturer. In 2019, Polestar launched the Polestar 1, a premium performance hybrid vehicle.
How much is a Polestar share?
US pricing for Polestar 2 shared – deliveries begin in SeptemberPolestar 2 Model2022 Single Motor2022 Dual MotorHorsepower231 HP408 HPTorque243 lb-ft487 lb-ftStarting MSRP$45,900$49,900Pilot Pack Price$3,200$3,2003 more rows•May 4, 2022
Is it worth investing in Polestar?
According to Wccftech, the company earned approximately $645m in revenue in 2020, a growth of over 600% relative to 2019 earnings. If Polestar is valued at over $20bn upon listing, this means that it is valued around 38x its 2020 revenue, which is an impressive achievement.
Which stock will be the next Tesla?
BYD and Nio are the next Tesla - Future Readiness Article.
What is a SPAC stock?
Special Purpose Acquisition Companies or SPACs are non-operating publicly-listed companies whose purpose is to identify and purchase a private company, allowing the acquisition target to have publicly listed stock. SPACs are also known as blank check companies.
How many shares will Polestar have?
2.125 billion shares2021 investor presentation from Polestar, the final company will have 2.125 billion shares outstanding.
Is Polestar part of Volvo?
The company was spun out of Volvo in 2016 as its performance sub-brand but has since recast itself as an EV-only marque. Polestar is jointly owned by Volvo and the automaker's Chinese parent company, Geely.
Can I buy Polestar stock?
Currently, Polestar is not a publicly-traded company. However, it did announce the signing of an agreement with Gores Guggenheim, Inc. (NASDAQ: GGPI), a special purpose acquisitions company (SPAC), last year that will see the company finally go public.
Can you buy GGPI stock?
Gores Guggenheim (GGPI) is a common stock listed on the exchange, which means you can buy the stock from most brokers.
What is a SPAC IPO?
A special purpose acquisition company (SPAC) is formed to raise money through an initial public offering (IPO) to buy another company. At the time of their IPOs, SPACs have no existing business operations or even stated targets for acquisition.
What we know about the Polestar IPO
Polestar, a Sweden-based electric car manufacturer acquired by Volvo in 2015, has filed a business combination agreement with the US Securities and Exchange Commission (SEC) to go public by merging with Gores Guggenheim, Inc., a special purpose acquisitions company (SPAC).
How to buy shares in Polestar when it goes public
Once Polestar goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
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