The Swedish maker of electric cars Polestar is considering an IPO. The sister company of car brand Volvo could be worth 10 billion dollars, about 8.5 billion euros, say insiders at Bloomberg News Agency. Apart from the plans for a possible IPO, Polestar is also considering a new round of investment after the company raised $ 500 million from investors last year.
Polestar, which with the Polestar 2 has a competitor for the Tesla Model 3, does not yet know exactly how it wants to go public. An IPO in the United States or Hong Kong is being considered, but also the possibility of merging with a SPAC (Special Purpose Acquisition Company), an empty shell where investors have invested money with the aim of acquiring a company.
A possible IPO of Volvo Cars was also discussed earlier. Volvo and Polestar are both owned by the Chinese company Geely.