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Polestar Shares Rise in Electric-Vehicle Maker’s Market Debut

Updated June 24, 2022 5:12 pm ET

Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of buying and selling Friday, after the Swedish electric-vehicle maker accomplished a merger with a special-purpose acquisition firm amid plans to develop globally.

Polestar agreed to be acquired by blank-check firm Gores Guggenheim in September. The auto maker is a unit of Volvo Car which in flip is owned by Zhejiang Geely Holding Group Co. of China.

Related Topics:acquisitions Acquisitions/Mergers Acquisitions/Mergers/Shareholdings Alternative Fuel Vehicles Astronomy Automotive Business Business/Consumer Services C&E Exclusion Filter C&E Industry News Filter capacity Capacity/Facilities commodity Commodity/Financial Market News consumer services Content Types corporate Corporate Actions Corporate/Industrial News Debut disruptions ElectricVehicle Equity Markets facilities Facility Openings Factiva Filters financial market news Financial Performance general news Gores Guggenheim humanities industrial news International Expansion (Facilities)LCID Lucid Group Makers Market mergers Motor Vehicles Ownership Changes Passenger Cars Polestar Polestar Automotive Holding UK political Political/General News PSNY Rise Rivian Automotive Rivian Automotive Cl A RIVN sciences Sciences/Humanities SE:VOLCAR.B share price movement Share Price Movement/Disruptions shareholdings Shares Shell Company SYND Tech Tesla Thomas Ingenlath TSLA VOLCAR-B.SK Volvo Car Volvo Car AB Series B WSJ-PRO-WSJ.com wsjcorp Zhejiang Geely Holding Group

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