Harley's electric motorcycle division to go public via $1.7 billion SPAC deal_老虎社区_美港股上老虎

Harley's electric motorcycle division to go public via $1.7 billion SPAC deal

Reuters2021-12-13

Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year ...

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SteadyDoesIt
·2021-12-13
Why SPAC? I really don’t see why they need to go that route
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- RichyRick:
  yeah
  2021-12-14
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VCVCVC
·2021-12-13
Latest
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nelson21
·2021-12-13
Pls like
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- SKLow:
  pls like,tq
  2021-12-13
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- VCVCVC:
  Liked
  2021-12-13
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Hodl
·2021-12-13
[Grin]
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Last month, Amazon-backed EV maker Rivian shot past a valuation of $100 billion in its market debut after one of the world's mammoth initial public offerings in 2021, surpassing Ford and General Motors.\nSeveral other prominent players in the sector have also merged with special purpose acquisition companies (SPACs) to go public.\nA broader awareness about climate change is paving way for automakers to lean towards greener vehicles in a sector Tesla reigns supreme. Valuations have gained as money managers also increasingly factor in ESG policies in their investments.\nHarley's shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.\nJochen Zeitz, Harley's chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.\nHarley-Davidson will retain an equity interest in the company of about 74% and ABIC's shareholders will own about 17%.\nLiveWire is expected to be listed on the New York Stock Exchange under the symbol \"LVW\".\nEarlier this year, Harley launched its first electric bike from its LiveWire brand priced at $22,000, in a move aimed at younger and more environmentally conscious riders who could eventually lift Harley's volumes as its core baby boomer audience grows old.\nWaning interest in motorcycling as a recreational activity as well as the price of Harley bikes, which can cost as much as a car, have hurt the company's efforts to woo younger riders.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6971763,"gmtCreate":1639443725222,"gmtModify":1639443725312,"authorId":3574713327400822,"author":{"id":3574713327400822,"idStr":"3574713327400822","authorId":3574713327400822,"name":"RichyRick","avatar":"https://static.tigerbbs.com/b86ee481aaeabbd2348ddf829e3a56fe","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604288249,"type":1,"supId":0,"prevId":0,"content":"<u>yeah</u>","text":"<u>yeah</u>","html":"<u>yeah</u>"}],"langContent":"CN"},{"id":604289718,"gmtCreate":1639402565087,"gmtModify":1639402565748,"author":{"id":"4090312551875200","authorId":"4090312551875200","name":"VCVCVC","avatar":"https://static.tigerbbs.com/890ee5d4d58b015bdf45452554e0ec3e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4090312551875200","authorIdStr":"4090312551875200"},"htmlText":"Latest&nbsp;","listText":"Latest&nbsp;","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604289718","repostId":2191598847,"repostType":4,"repost":{"id":"2191598847","kind":"news","pubTimestamp":1639401670,"share":"https://www.laohu8.com/m/news/2191598847?lang=&edition=full","pubTime":"2021-12-13 21:21","market":"us","language":"en","title":"Harley's electric motorcycle division to go public via $1.7 billion SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2191598847","media":"Reuters","summary":"Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a b","content":"<p>Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year old brand turns to younger customers to boost volumes.</p>\n<p>The deal with AEA-Bridges Impact Corp will be funded by the blank-check company's $400 million cash held in trust and another $100 million investment each from Harley and KYMCO.</p>\n<p>Harley is the latest to cash in on an uptick in valuations of electric vehicles. Last month, Amazon-backed EV maker Rivian shot past a valuation of $100 billion in its market debut after one of the world's mammoth initial public offerings in 2021, surpassing Ford and General Motors.</p>\n<p>Several other prominent players in the sector have also merged with special purpose acquisition companies (SPACs) to go public.</p>\n<p>A broader awareness about climate change is paving way for automakers to lean towards greener vehicles in a sector Tesla reigns supreme. Valuations have gained as money managers also increasingly factor in ESG policies in their investments.</p>\n<p>Harley's shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.</p>\n<p>Jochen Zeitz, Harley's chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.</p>\n<p>Harley-Davidson will retain an equity interest in the company of about 74% and ABIC's shareholders will own about 17%.</p>\n<p>LiveWire is expected to be listed on the New York Stock Exchange under the symbol \"LVW\".</p>\n<p>Earlier this year, Harley launched its first electric bike from its LiveWire brand priced at $22,000, in a move aimed at younger and more environmentally conscious riders who could eventually lift Harley's volumes as its core baby boomer audience grows old.</p>\n<p>Waning interest in motorcycling as a recreational activity as well as the price of Harley bikes, which can cost as much as a car, have hurt the company's efforts to woo younger riders.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHarley's electric motorcycle division to go public via $1.7 billion SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-13 21:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year ...</p>\n\n<a href=\"https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2191598847","content_text":"Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year old brand turns to younger customers to boost volumes.\nThe deal with AEA-Bridges Impact Corp will be funded by the blank-check company's $400 million cash held in trust and another $100 million investment each from Harley and KYMCO.\nHarley is the latest to cash in on an uptick in valuations of electric vehicles. Last month, Amazon-backed EV maker Rivian shot past a valuation of $100 billion in its market debut after one of the world's mammoth initial public offerings in 2021, surpassing Ford and General Motors.\nSeveral other prominent players in the sector have also merged with special purpose acquisition companies (SPACs) to go public.\nA broader awareness about climate change is paving way for automakers to lean towards greener vehicles in a sector Tesla reigns supreme. Valuations have gained as money managers also increasingly factor in ESG policies in their investments.\nHarley's shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.\nJochen Zeitz, Harley's chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.\nHarley-Davidson will retain an equity interest in the company of about 74% and ABIC's shareholders will own about 17%.\nLiveWire is expected to be listed on the New York Stock Exchange under the symbol \"LVW\".\nEarlier this year, Harley launched its first electric bike from its LiveWire brand priced at $22,000, in a move aimed at younger and more environmentally conscious riders who could eventually lift Harley's volumes as its core baby boomer audience grows old.\nWaning interest in motorcycling as a recreational activity as well as the price of Harley bikes, which can cost as much as a car, have hurt the company's efforts to woo younger riders.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":604280933,"gmtCreate":1639402329046,"gmtModify":1639402330465,"author":{"id":"3581678664547146","authorId":"3581678664547146","name":"nelson21","avatar":"https://static.tigerbbs.com/f3bfb16048c75dbf023d98c18914333e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581678664547146","authorIdStr":"3581678664547146"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/604280933","repostId":2191598847,"repostType":4,"repost":{"id":"2191598847","kind":"news","pubTimestamp":1639401670,"share":"https://www.laohu8.com/m/news/2191598847?lang=&edition=full","pubTime":"2021-12-13 21:21","market":"us","language":"en","title":"Harley's electric motorcycle division to go public via $1.7 billion SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2191598847","media":"Reuters","summary":"Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a b","content":"<p>Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year old brand turns to younger customers to boost volumes.</p>\n<p>The deal with AEA-Bridges Impact Corp will be funded by the blank-check company's $400 million cash held in trust and another $100 million investment each from Harley and KYMCO.</p>\n<p>Harley is the latest to cash in on an uptick in valuations of electric vehicles. Last month, Amazon-backed EV maker Rivian shot past a valuation of $100 billion in its market debut after one of the world's mammoth initial public offerings in 2021, surpassing Ford and General Motors.</p>\n<p>Several other prominent players in the sector have also merged with special purpose acquisition companies (SPACs) to go public.</p>\n<p>A broader awareness about climate change is paving way for automakers to lean towards greener vehicles in a sector Tesla reigns supreme. Valuations have gained as money managers also increasingly factor in ESG policies in their investments.</p>\n<p>Harley's shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.</p>\n<p>Jochen Zeitz, Harley's chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.</p>\n<p>Harley-Davidson will retain an equity interest in the company of about 74% and ABIC's shareholders will own about 17%.</p>\n<p>LiveWire is expected to be listed on the New York Stock Exchange under the symbol \"LVW\".</p>\n<p>Earlier this year, Harley launched its first electric bike from its LiveWire brand priced at $22,000, in a move aimed at younger and more environmentally conscious riders who could eventually lift Harley's volumes as its core baby boomer audience grows old.</p>\n<p>Waning interest in motorcycling as a recreational activity as well as the price of Harley bikes, which can cost as much as a car, have hurt the company's efforts to woo younger riders.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Harley's electric motorcycle division to go public via $1.7 billion SPAC deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHarley's electric motorcycle division to go public via $1.7 billion SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-13 21:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year ...</p>\n\n<a href=\"https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2191598847","content_text":"Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year old brand turns to younger customers to boost volumes.\nThe deal with AEA-Bridges Impact Corp will be funded by the blank-check company's $400 million cash held in trust and another $100 million investment each from Harley and KYMCO.\nHarley is the latest to cash in on an uptick in valuations of electric vehicles. Last month, Amazon-backed EV maker Rivian shot past a valuation of $100 billion in its market debut after one of the world's mammoth initial public offerings in 2021, surpassing Ford and General Motors.\nSeveral other prominent players in the sector have also merged with special purpose acquisition companies (SPACs) to go public.\nA broader awareness about climate change is paving way for automakers to lean towards greener vehicles in a sector Tesla reigns supreme. Valuations have gained as money managers also increasingly factor in ESG policies in their investments.\nHarley's shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.\nJochen Zeitz, Harley's chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.\nHarley-Davidson will retain an equity interest in the company of about 74% and ABIC's shareholders will own about 17%.\nLiveWire is expected to be listed on the New York Stock Exchange under the symbol \"LVW\".\nEarlier this year, Harley launched its first electric bike from its LiveWire brand priced at $22,000, in a move aimed at younger and more environmentally conscious riders who could eventually lift Harley's volumes as its core baby boomer audience grows old.\nWaning interest in motorcycling as a recreational activity as well as the price of Harley bikes, which can cost as much as a car, have hurt the company's efforts to woo younger riders.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6965363,"gmtCreate":1639403629394,"gmtModify":1639403629510,"authorId":3582927789816025,"author":{"id":3582927789816025,"idStr":"3582927789816025","authorId":3582927789816025,"name":"SKLow","avatar":"https://static.tigerbbs.com/b3aeaabd2ee1ec9afcdda5a4aab1994c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604280933,"type":1,"supId":0,"prevId":0,"content":"pls like,<u>tq</u>","text":"pls like,<u>tq</u>","html":"pls like,<u>tq</u>"},{"id":6965179,"gmtCreate":1639402575027,"gmtModify":1639402575125,"authorId":4090312551875200,"author":{"id":4090312551875200,"idStr":"4090312551875200","authorId":4090312551875200,"name":"VCVCVC","avatar":"https://static.tigerbbs.com/890ee5d4d58b015bdf45452554e0ec3e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":604280933,"type":1,"supId":0,"prevId":0,"content":"Liked","text":"Liked","html":"Liked"}],"langContent":"CN"},{"id":604218402,"gmtCreate":1639401775035,"gmtModify":1639401775875,"author":{"id":"3579666066637422","authorId":"3579666066637422","name":"Hodl","avatar":"https://static.tigerbbs.com/d591a82f579d3114da9795812a4217a0","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579666066637422","authorIdStr":"3579666066637422"},"htmlText":"[Grin]&nbsp;","listText":"[Grin]&nbsp;","text":"[Grin]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604218402","repostId":2191598847,"repostType":4,"repost":{"id":"2191598847","kind":"news","pubTimestamp":1639401670,"share":"https://www.laohu8.com/m/news/2191598847?lang=&edition=full","pubTime":"2021-12-13 21:21","market":"us","language":"en","title":"Harley's electric motorcycle division to go public via $1.7 billion SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2191598847","media":"Reuters","summary":"Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a b","content":"<p>Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year old brand turns to younger customers to boost volumes.</p>\n<p>The deal with AEA-Bridges Impact Corp will be funded by the blank-check company's $400 million cash held in trust and another $100 million investment each from Harley and KYMCO.</p>\n<p>Harley is the latest to cash in on an uptick in valuations of electric vehicles. Last month, Amazon-backed EV maker Rivian shot past a valuation of $100 billion in its market debut after one of the world's mammoth initial public offerings in 2021, surpassing Ford and General Motors.</p>\n<p>Several other prominent players in the sector have also merged with special purpose acquisition companies (SPACs) to go public.</p>\n<p>A broader awareness about climate change is paving way for automakers to lean towards greener vehicles in a sector Tesla reigns supreme. Valuations have gained as money managers also increasingly factor in ESG policies in their investments.</p>\n<p>Harley's shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.</p>\n<p>Jochen Zeitz, Harley's chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.</p>\n<p>Harley-Davidson will retain an equity interest in the company of about 74% and ABIC's shareholders will own about 17%.</p>\n<p>LiveWire is expected to be listed on the New York Stock Exchange under the symbol \"LVW\".</p>\n<p>Earlier this year, Harley launched its first electric bike from its LiveWire brand priced at $22,000, in a move aimed at younger and more environmentally conscious riders who could eventually lift Harley's volumes as its core baby boomer audience grows old.</p>\n<p>Waning interest in motorcycling as a recreational activity as well as the price of Harley bikes, which can cost as much as a car, have hurt the company's efforts to woo younger riders.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHarley's electric motorcycle division to go public via $1.7 billion SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-13 21:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year ...</p>\n\n<a href=\"https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/harleys-electric-motorcycle-division-public-123122740.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2191598847","content_text":"Harley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year old brand turns to younger customers to boost volumes.\nThe deal with AEA-Bridges Impact Corp will be funded by the blank-check company's $400 million cash held in trust and another $100 million investment each from Harley and KYMCO.\nHarley is the latest to cash in on an uptick in valuations of electric vehicles. Last month, Amazon-backed EV maker Rivian shot past a valuation of $100 billion in its market debut after one of the world's mammoth initial public offerings in 2021, surpassing Ford and General Motors.\nSeveral other prominent players in the sector have also merged with special purpose acquisition companies (SPACs) to go public.\nA broader awareness about climate change is paving way for automakers to lean towards greener vehicles in a sector Tesla reigns supreme. Valuations have gained as money managers also increasingly factor in ESG policies in their investments.\nHarley's shares rose 11.3% in premarket trading, while those of AEA-Bridges were up 3.4%.\nJochen Zeitz, Harley's chief executive, will be the chairman of LiveWire for up to two years following the completion of the deal.\nHarley-Davidson will retain an equity interest in the company of about 74% and ABIC's shareholders will own about 17%.\nLiveWire is expected to be listed on the New York Stock Exchange under the symbol \"LVW\".\nEarlier this year, Harley launched its first electric bike from its LiveWire brand priced at $22,000, in a move aimed at younger and more environmentally conscious riders who could eventually lift Harley's volumes as its core baby boomer audience grows old.\nWaning interest in motorcycling as a recreational activity as well as the price of Harley bikes, which can cost as much as a car, have hurt the company's efforts to woo younger riders.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":29,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}