In honor of their initial public offering, Polestar, a Swedish electric vehicle manufacturer, rang the NYSE bell in New York City. On June 24, 2022, the ticker symbol "PSNY" become available for trading Polestar.
In New York City, Polestar and Gores Guggenheim team members gathered to celebrate the company's latest achievement toward its goal of providing environmentally-friendly transportation.
CEO of Polestar Thomas Ingenlath remarked, "This is a great day, and ringing the bell on the Nasdaq is a symbolic celebration. Today is the first day of the next era in Polestar's long and storied history. Because of the listing, we will be able to accelerate and intensify our efforts to promote a shift toward more sustainable mobility, which is consistent with the future we have envisioned.
Nasdaq's digital screens in Times Square amplified the bell and displayed photos of some of Polestars' 2,000 employees and the company's mission statement. On the world-famous square, you could also see Polestar 2 vehicles with the letters "PSNY" painted on the side.
All 25 of Polestar's active markets' offices and showrooms participated in local celebrations and streamed live events to each location.
Listing on the stock market will help Polestar achieve its goals of expanding into the most promising markets for electric vehicles worldwide and meeting its industry-leading sustainability objectives, such as producing a fully carbon-neutral vehicle by 2030.
By releasing three new premium electric cars, including two SUVs, by 2024, Polestar will have gained significant traction as it enters a period of rapid growth and is building a diversified product portfolio. The first is the Polestar 3, a large electric SUV due in October that raises the bar in the lucrative premium SUV market.