Can I buy Polestar shares?
You can invest in Polestar by buying shares in Gores Guggenheim, the SPAC. Those shares will convert into shares of the combined company following the completion of the merger. However, investing in a SPAC deal may be riskier than investing in a traditional IPO.Mar 25, 2022
What is Polestar stock price?
Stock market history GEELY AUTOMOBILE (POLESTAR)XPriceJan 4, 20222.409Jan 3, 20222.465Dec 30, 20212.389Dec 29, 20212.357218 more rows
Who owns Polestar car company?
Volvo CarsGeelyPolestar/Parent organizations
Can you buy a Polestar in the US?
Vehicles are available for sale and delivery in all 50 states, but those beyond the 150-mile delivery radius should contact their nearest Polestar Space for special arrangements. Formerly the performance division of Volvo, Polestar has been spun off into its own dedicated brand, with a focus on electrified performance.May 19, 2020
Who owns GGPI stock?
Class A Common Stock (GGPI) Institutional Holdings | Nasdaq....New and Sold Out Positions.OWNER NAMEALLIANZ ASSET MANAGEMENT GMBHSHARES HELD640,000CHANGE (SHARES)440,000CHANGE (%)220%VALUE (IN 1,000S)$7,61014 more columns
What is SPAC investment?
SPAC is the acronym for “special purpose acquisition company” and is often referred to as a “blank check” entity. A SPAC might be best described as money looking for a promising private company to invest in. A SPAC is a public company having already gone through the IPO process.Nov 3, 2021
Is Polestar publicly traded?
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.
Will Polestar go public?
Polestar SPAC IPO via Merger with Gores Guggenheim Upon closing of the deal, the combined company will be publicly traded under the name Polestar Automotive Holding UK Limited. It will trade on Nasdaq under the ticker symbol PSNY. The Polestar IPO is expected to take place in the first half of 2022.Nov 3, 2021
Where is Polestar factory?
Polestar, Volvo Car Group's standalone electric performance brand, will manufacture its first all-electric SUV in the United States. The automaker said Wednesday that the Polestar 3 will be assembled at a plant shared with Volvo Cars at a factory in Ridgeville, South Carolina.Jun 16, 2021
Is the Polestar a Tesla?
But the range is then substantially different and Tesla Model 3 can go 334 miles (537 km). The Polestar 2 has a quarter lower range, at 249 miles (401 km)....2022 Polestar 2 Dual Motor vs 2021 Tesla Model 3 Long Range AWD.CategoryRange / EfficiencyMake/ModelTesla Model 3 Polestar Polestar 2Body StyleSedanDec 5, 2021
Can Polestar use Tesla supercharger?
YouTuber Bjørn Nyland took his Polestar 2 to a Tesla Supercharger in Norway for the first time. He said charging speed and a cheap price make the Supercharger network attractive even for non-Tesla owners. Tesla opened its Supercharger network to non-Tesla owners at select locations in France and Norway on Monday.Feb 1, 2022
Is Polestar 2 a Volvo?
The Polestar 2 is a battery electric 5-door liftback produced by the Swedish automaker Volvo under its Polestar sub-brand.
What does Polestar do and who is it merging with?
Polestar is a Swedish electric vehicle (EV) manufacturer with headquarters in Gothenburg. It was established in 1996 by a partner of Volvo Cars and acquired in 2015 by joint parent companies Volvo and Geely.
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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.
Finder's picks for buying Polestar when it goes public
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How do similar companies perform?
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Polestar can be useful in determining how the market is performing and whether now is a good time to invest in this industry.
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Polestar SPAC IPO: About the Electric Vehicle Company
Polestar is a Swedish electric vehicle (EV) manufacturer. The company has become an award-winning name for its cutting-edge electric performance cars. Polestar falls under Volvo Car Group ’s electric performance brand. However, both Polestar and Volvo belong to Chinese car maker Zhejiang Geely Holding Group.
Polestar Announces Plans to Launch Three New Models by 2024
In June, the automaker announced its plans to manufacture its first SUV, the Polestar 3. It plans to build the SUV at Volvo’s U.S. plant in South Carolina. Production of the Polestar 3 will launch at the beginning of 2022. However, an American manufacturing facility and high-quality parts are not cheap.
Polestar to Create Climate-Neutral Car in Polestar 0 Project
In April 2021, Polestar announced plans to create a truly climate-neutral car by 2030 in its Polestar 0 project. The company aims to go beyond producing toxic emissions. It is working to eliminate all emissions throughout the supply chain and production of its cars.
Polestar Has Not Achieved Profitability Since Inception
Throughout two funding rounds, Polestar has raised $550 million in total. Despite the company’s growth, the company has yet to achieve a profit.
Polestar SPAC IPO via Merger with Gores Guggenheim
The company announced plans for a Polestar IPO via a SPAC deal with Gores Guggenheim. The deal could value the firm at around $25 billion, according to Bloomberg.
Finder's top picks on where to buy Polestar stock when it goes public
We evaluate stock trading platforms against a range of metrics that include fees, ease of use, available securities and advanced tools to meet specific investor needs. You can learn more about our methodology here. We encourage you to compare stock platforms to find one that's best for your particular budget and goals.
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.
Will I be able to buy Polestar stocks from Canada?
You won't be able to buy Polestar stocks on a Canadian stock exchange like the TSX or CSE. Instead, you'll need a Canadian broker that provides access to stocks sold on international exchanges.
Tax implications of buying US stocks in Canada
Agreements between Canada and the US require Canadians holding US stock investments to pay the US Internal Revenue Service (IRS) a 15% withholding tax on any dividends earned on their US stocks. Interest earned from bonds or other interest-yielding US investments is similarly taxed at a rate of 10%.
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Why It Matters
As of now, it seems that all systems are go for the merger that will allow Polestar to start trading on the Nasdaq. When it does, the company’s valuation will likely be around $20 billion. Besides Rivian’s stand-out debut, many investors are also likely thinking of innovator Lucid Motors (NASDASQ: LCID ).
What It Means
According to Georgiadis, Polestar is a rare company in the sense that it is a EV SPAC play that isn’t “all talk.” That certainly seems to be true.