The Swedish battery maker has invited investment banks to pitch it on deals to list its shares in Stockholm as soon as next year, people familiar with the matter told the Financial Times. (Financial Times)
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The Swedish battery maker has invited investment banks to pitch it on deals to list its shares in Stockholm as soon as next year, people familiar with the matter told the Financial Times. (Financial Times)
Talking point: The potential windfall from an initial public offering would come as the company builds a $7-billion gigafactory in Quebec, which it wants to get up and running in 2026. Northvolt could be among the largest firms to go public in Europe in the past few years, though it’s still early and plans could change depending on market conditions, according to the FT. Its backers currently include the Ontario Municipal Employees Retirement System and Canada Pension Plan Investment Board.
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