Electric vehicle battery maker SES Holdings said on Tuesday that it would go public through a merger with a blank-cheque company in a deal that values the combined entity at $3.6 billion.
The deal with Ivanhoe Capital Acquisition Corp will fetch $476 million in proceeds for SES, including a private investment in public equity (PIPE) of $200 million from General Motors Co, Hyundai Motor Co Geely Holding Group and others.
