Polestar to go public at $20B enterprise valuation via SPAC

A Polestar 2 on display on Sept. 8 2021 during the IAA Munich auto show. — A Polestar 2 on display on Sept. 8 2021 during the IAA Munich auto show. (Wolfgang Rattay/REUTERS)

Douglas A. Bolduc

September 27, 2021 08:02 AM

Volvo Cars subsidiary Polestar has agreed to go public through a merger with blank-check firm Gores Guggenheim at an enterprise value of $20 billion, the company said Monday.

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