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Chinese electric vehicle startup may go public

September 5, 2021
Source: pakobserver.net pakobserver.net
News Snapshot:
New York Chinese electric vehicle startup Iconiq Motors is considering going public in the United States through a merger with a blank-check firm that would value the combined group at around $4 billion, Bloomberg reported. Iconiq could become publicly traded as soon as the end of this year, adding that discussions were at an early stage and had no guarantee of success. Iconiq Motors, which partners with auto supplier Magna Steyr and Microsoft Corp, was founded in 2016 by Chinese entrepreneur Alan Wu and has offices in Tianjin, Shanghai, and Dubai. The company did not immediately respond to a request...
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Tags: acquisition | auto | Bloomberg | cash | Chinese | Dubai | electric vehicle | entrepreneur | EV | initial public offering | investment | ipo | listing | merger | Microsoft | nasdaq | New York | New York Stock Exchange | Shanghai | stock exchange | stock market | supplier | Tianjin | United States | Xpeng

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