One of China’s largest car makers, Zhejiang Geely Holding Group, is making plans to tap into the surging market for SPACs, The Wall Street Journal reports.
The multinational company, which owns Geely Automobile Holdings Ltd. , Volvo Car Group and several other electric-vehicle brands, is in talks to sponsor a SPAC that could raise $300 million in a Nasdaq initial public offering, according to people familiar with the matter. Read more.
