REE Automotive Considering IPO

REE Automotive, which develops modular platforms for electric vehicles, is in negotiations to go public at a valuation of between $3-4 billion via a SPAC.

Should the merger go ahead, REE is expected to receive access to the SPAC’s funds and to another several hundreds of millions of dollars in PIPE (Private investment in public equity) investments.

Shares of REE have been traded in the secondary market this year at a company valuation of $1.1 billion, far less than it is expected to be valued in the SPAC merger.

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